NNN Industrial | Municipal Tenant

Head south on S Main Street from intersection of University Ave and Main. Pass SE 13th RD and make a left to arrive at 1529 S. Main Street.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.