Sunbelt Rentals on W. Tennessee

Retail-Commercial for Sale
Catylist Listing ID: 30674596
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 25,000 SF
Gross Land Area: 4.66 Acres
Sale Price: $2,500,000
Unit Price: $100 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Sunbelt Rentals
Usable Size (USF): 25,000 SF
Sale Terms: Cash to Seller
Cap Rate: 4.1%
Average Occupancy Rate: 100
Last Updated: 10/14/2021

Overview / Comments

Free standing retail building on busy West Tennessee Street. Fully leased thru 2023 to Sunbelt Rentals. Practically zero landlord responsibilities. 4 plus acres for parking and letdown yard.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 2128202060000
Retail Clientele: General, Business
Property Located Between: Ocala and Capital Circle NW
Property Visibility: Excellent
Largest Nearby Street: Capital Circle NW
Highway Access: I-10
Airports: TLH
Site Description: Flat site with equipment wash down area.
Area Description: Very busy area of West Tennessee Street. FSU, TCC, Lively all nearby
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 25,000 SF
Property Condition: Average
Year Built: 1964
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Aluminum Siding
Exterior Description: Former toyota car sales and repair lot
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Ample paved parking
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, T1/T3, Fiber Optic
Interior Description: Retail/office and warehouse property
Zoning Description: CP - Wide variety of commercial retail uses
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,873 75,847 137,272
Median Age: 23.85 25.18 28.84
Households: 5,798 30,011 54,540


Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. Member
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