1120 West University Avenue, Gainesville, FL, USA

Gainesville, Florida

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Total Square Feet

±3,725

Total Acreage

±0.14

Asking Price

$4,105,777

NNN

Absolute NNN

NOI

$297,669

Absolute NNN lease with no Landlord responsibilities, including roof, structure and HVAC, delivering a fully passive income stream
Rent grows 2% annually through the term and every renewal option, a built-in hedge against inflation
Roughly six years of remaining term, guaranteed by Green Ops Ocala LLC, an affiliate of the operating tenant
Jungle Boys operates 15 approved dispensing locations in Florida, its largest market by store count
Holds one of a limited number of Florida MMTC licenses, a category the state issues only through periodic competitive application window
Jungle Boys rebuilt the building at its sole cost, with no Landlord contribution
Scope included a new TPO roof, three new rooftop HVAC units, new storefront glazing and a 400-amp electrical service upgrade
The University of Florida, two blocks west, enrolls 63,148 students and anchors demand along the corridor
1-mile daytime population of 39,400, making this one of the densest submarkets in Florida
Within a 1-mile radius, the University of Florida student housing market comprises 60 existing student housing properties totaling 6,169 units, 15,992 beds, and approximately 8.2 million square feet
Walk Score of 92 and Biker’s Score of 99 reflects a walk-up trade area rather than a drive-by one