Gainesville, FL - Comfort Inn

Description:

• The tenant, Gator Hospitality LLC, signed a 99-year lease in 2007, extending through year 2106, with no termination options
• The lease features annual 1.5% rental increases, hedging against inflation
• The lease is guaranteed by Choice Hotels International (NYSE: CHH), one of the largest lodging franchisors in the world with more than 7,000 hotels
• The property includes 83 rooms across 4 stories

• The subject property is directly accessible from I-75 (98,500 VPD)
• The site sits in one of Florida’s strongest retail corridors, with top performing national retailer locations including Walmart (#6 in FL), Target (#3 in FL), and Sam’s Club (#1 in FL) according to Placer.ai
• 2,150+ hotel rooms within 1-mile including Hampton Inn and Marriott
• Located less than 4 miles away from the University of Florida, one of the largest public universities in the country with 50,000+ students
• 4,500+ multifamily and apartment units within 1 mile of the property

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Listing ID: a28TP000001g2pdYAA