Midtown Landing

Retail-Commercial for Lease
Catylist Listing ID: 30357666
Property Subtypes: Street Retail
Contiguous Space: 2,025 SF
Building Size (RSF): 2,025 SF
Gross Building Area: 10,793 SF
Gross Land Area: 1 Acre
Lease Rate: $15 - 17 PSF (Annual)
Base Monthly Rent: $2,531 - 2,868
Lease Types: NNN
Ceiling: 9 ft.
Building Name: Midtown Landing
Usable Size (USF): 2,025 SF
Last Updated: 12/7/2018

Overview / Comments

The subject is to be remodeled and ultimately improved with a neighborhood retail strip center containing a total of 10,793 square feet± of gross building area subdivided into six tenant spaces. The improvements were built in 1946 with remodeling and renovations completed in 2010 & 2018. The layout consist of mixed-use, restaurant space occupied by Bruegger’s, Park Pizza, Dr. John Mackay MD, and VidaCann.

Expand All Available Space

Suite: 1212-A 2,025 SF $15 - 17 PSF (Annual) NNN
Level/Floor: A
Space Available: 2,025 SF
Lease Rate: $15 - 17 PSF (Annual)
$2,531 - 2,868 (Monthly)
Lease Type: NNN
Space Description: 2025 SF Shelled space with TI allowance. Fronts N Monroe
Space Subcategory: Strip Center, Neighborhood Center
Date Available: 12/7/2018
Lease Term: 36 Months
Space Type: Relet
Parking Spaces 63
Tax Expenses $5,021 PSF (Annual)
CAM Expenses $5 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 2.5 per year
Rent Concession 60 Days plus
Tenant Improvements Allowance $25,000

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 2125450001570
Zoning: CU45
Retail Clientele: General
Property Located Between: 5th and 6th Ave
Property Visibility: Excellent
Largest Nearby Street: Fronts N Monroe
Feet of Frontage: 60
Highway Access: Access to the subject property is by way a driveway on North Monroe Street, a four-lane north/south principle arterial with sidewalks, drainage and street lights in place. In addition, the subject property has access via two driveways on North Adams Street, a two-lane local street.
Airports: TLH
Site Description: The subject property is L-shaped with generally level topography. The site has the ability to have vehicular and pedestrian access to and from North Monroe Street and North Adams Street.
Area Description: The subject neighborhood is an established mixed use neighborhood situated in an area of Tallahassee known as “Midtown”. Based on our visual inspection of the neighborhood and aerials of the area, the neighborhood is approximately 85% to 95% developed with most properties having been developed.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,025 SF
Property Condition: Average
Year Built: 1946
Year Renovated: 2010
Roof Type: Mansard
Construction/Siding: Stucco
Exterior Description: Renovations completed include new parapet wall along entire building to provide height and detail, new arch stucco trim detail, new store front glass for entire building, new metal awnings, new exterior and interior lighting, new exterior and interior painting, new signage on North Monroe Street and on the front of each unit, installation of four new fire walls and partition walls in new tenant spaces, installation of new HVAC and mechanical rooms for all new tenant spaces, installing of new ADA restrooms for all new tenant spaces. In addition, renovations include demolition of the entire roof and the creation of an additional 14 parking spaces on the existing impervious surface.
Total Parking Spaces: 67
Parking Ratio: 6.3 (per 1000 SF)
Parking Description: The site has the ability to have vehicular and pedestrian access to and from North Monroe Street and North Adams Street.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Vanilla Shell/Warm Shell
Zoning Description: CU 45
Lot Frontage: 73
Lot Depth: 75
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,759 111,389 181,863
Median Age: 30.88 29.11 31.33
Households: 5,528 47,049 75,647

Contact

Photograph of Listing Agent

Steve Mattox

Mattox Realty, Inc TALrex.com Member
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