6791-6795 W Newberry Rd

Investment Highlights

Out Parceled to The Oaks Mall Less than a mile away from University of Florida's Campus Strong Retail Corridor

Executive Summary

Ocean buffet started in 2012 and is on their 3rd lease extension because of the their tremendous success in that location. In addition, the owner of Ocean Buffet opened up a second restaurant right next door the Seafood Dock. Also, on a true NNN lease and has risen to one of Gainesville's top seafood spots in town. Gainesville is home to University of Florida and the subject property is contiguous to a Starbucks, strong retail thoroughfare, UF's Medical Center, and out parceled to The Oak's Mall.

• Sale Type    Investment NNN
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    10,345
• Building Class    C
• Year Built    1986
• Price    2,600,000
• Price Per SF    251
• Cap Rate    6.74
• NOI    175,240
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.03
• Land Acres    7.78 AC