NNN Industrial | Municipal Tenant

Investment Overview

Investment opportunity located at 1529 S. Main Street in Gainesville, Florida, featuring a ±4,650 SF industrial building on ±1.01 acres leased to the City of Gainesville, Florida, d/b/a Gainesville Regional Utilities (GRU). The property is leased under an NNN lease structure with an initial base rental rate of $12.90/SF, 3% annual increases, and two additional one-year renewal options. The current lease term runs through September 30, 2029. The property fronts S. Main Street and is conveniently located within walking distance of Depot Park and approximately five minutes from UF Health. Recent and ongoing improvements associated with the property and tenant occupancy further enhance the asset, while its central Gainesville location provides convenient access to major employment, medical, and commercial areas.

Investment Highlights

• Municipal Tenant – City of Gainesville d/b/a Gainesville Regional Utilities (GRU)
• NNN Lease with 3% Annual Base Rent Increases
• ±4,650 SF Industrial Building on ±1.01 Acres
• Two Additional 1-Year Renewal Options
• S. Main Street Frontage Near Depot Park & UF Health