March 24, 2022 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of an Enterprise Rent-A-Car in Gainesville, Florida. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $553,345.
Enterprise Rent-A-Car is located at 410 NW 39th Avenue in Gainesville, Florida. Enterprise Rent-A-Car has been operating at the Property for fifteen (15) years (since 2006) and recently exercised a renewal option, demonstrating their commitment to the location and the market. they have 4+ years remaining on their lease with one (1), 5-year renewal option. The Property is adjacent (next door) to a 1.45-acre parcel of land that is owned and operated by Enterprise and is used to store their day-to-day fleet of rental vehicles. This parcel does not have a rental office and is therefore reliant on the subject Property for their operations in this market. The Property is well located along NE 39th Avenue (FL Route 222) and is 0.7 miles from both NW 13th Street (US Highway 441) and N Main Street, the area’s two primary commercial corridors serving the area. Additionally, the Property offers convenient access to FL Routes 20, 24, and 121, and is 2.5 miles west of the Gainesville Regional Airport. The Property is less than 1.5 miles from more than fifteen (15) car dealerships including CarMax, Mercedes-Benz, BMW, Honda, Toyota, Volkswagen, Acura, Ford-Lincoln, Chevy, Hyundai, Kia, Chrysler Dodge Jeep Ram, Subaru, and Nissan.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.