Swift Creek

100% Leased Multi-Tenant Retail Net Lease Inv

location
1504 SW 74th Drive
Gainesville, Florida
32607
29.63904, -82.42214
dollar-sign

$1,200,000

SALES PRICE

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PROPERTY details

100% Leased Multi-Tenant Retail Net Lease Inv

CAP RATE:

6.64%
$79,716

ANNUAL RENT

3,379

SQUARE FEET

2023

HIGHLIGHTS

  • HIGH-TRAFFIC RETAIL LOCATION WITH NATIONAL & LOCAL TENANTS IN PLACE
  • IN MARKETS WEST, A SOUGHT AFTER MIXED USE DEVELOPMENT WITH AN ARRAY OF LOCAL, REGIONAL, AND NATIONAL TENANT BRANDS
  • TWO FULLY-LEASED RETAIL SUITES TOTALING 3,379 SF
  • SURROUNDED BY DENSE, AFFLUENT RESIDENTIAL COMMUNITIES
  • STRONG CO-TENANT AND NEIGHBORING TENANT MIX
  • POSITIONED WITHIN GAINESVILLE’S PRIMARY GROWTH CORRIDOR/MARKET
  • EXCELLENT ACCESS & REGIONAL CONNECTIVITY
  • LOCATED IN ONE OF NORTH CENTRAL FLORIDA’S FASTEST-GROWING MARKETS
  • ESTABLISHED TENANTS WITH STRONG CUSTOMER DRAW

 

PROPERTY description

Long term leases in place, with 7+/- years remaining term. Minimal Landlord responsibilities. Tenants responsible for all building expenses excluding maintenance of structural elements, which is anticipated to be minimal due to the age of the structure (2023). Current tenants, Marco’s Pizza and Grand Oaks Nail Salon, underscore the property’s appeal with stable, experience-driven operators. Located within the thriving Markets West Commercial Park, this multi-tenant site at 1504 SW 74th Drive benefits from excellent visibility just off SW 75th Street (Tower Road)–a key corridor between Newberry and Archer Road–at a bustling roundabout that provides smooth access into the development. Surrounded by high-income neighborhoods and anchored by strong nearby tenants like O2B Kids, HCA Florida, Sherwin Williams, Elliano’s Coffee, and Dollar General, the site enjoys consistent local traffic and regional draw. The area features over 13,000 residents within a 1-mile radius and average household incomes above $100,000, making it an ideal location for service-oriented retail. Just 205 miles from I-75, the site combines easy access with a community-focused setting.