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MainStreet Urgent Care 16314 NW US Highway 441

2,867 SF Office Building Alachua, FL 32615 £1,627,496 (£568/SF) 6.25% Net Initial Yield

Investment Highlights

  • Brand-New Construction
  • Corporate Guaranty by Growing Operator
  • Excellent Visibility & Access
  • Passive Net Lease Structure
  • Great Retail Location
  • Affluent Demographics

Executive Summary

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple ownership interest in the MainStreet Urgent Care property located at 16314 NW US Hwy 441 in Alachua, FL (“Property”). The Property is subject to a new, long-term lease by Rural Urgent Care, LLC, doing business as MainStreet Urgent Care (“Tenant”), a regional urgent care concept with 50 operating locations across Alabama, Florida, Georgia, and North Carolina.
The Property comprises a newly-constructed 2,867 square foot urgent care facility on 0.47 acres. The Property benefits from direct frontage to US Hwy 441, the city’s primary route and connector road to Interstate 75, providing ease of sight to about 28,426 VPD. The surrounding 5-mile radius boasts a strong average household income of $98,652. The Property is shadow anchored by a Publix Super Market, benefiting from 1.2M annual visitors (Placer.ai). The surrounding area features a diverse mix of economic factors, including Sante Fe High School, which is home to 1,124 students, as well as recognized national retailers such as, KFC, McDonald’s, and Burger King. In association with Jason Long, FL Lic. #BK3302956.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
2,867 SF
Building Class
B
Year Built
2024
Price
£1,627,496
Price Per SF
£568
Net Initial Yield
6.25%
NOI
£101,719
Tenancy
Single
Number of Floors
1
Typical Floor Size
2,867 SF
Building FAR
0.01
Lot Size
4.74 AC
Zoning
Cl - Medical

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 03042-050-008
  • 03042-052-007
  • 03044-003-000
Land Assessment
£1,732,124
Improvements Assessment
£5,770
Total Assessment
£1,737,894
  • Listing ID: 31948589

  • Date on Market: 29/05/2024

  • Last Updated:

  • Address: 16314 NW US Highway 441, Alachua, FL 32615

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