950 W Tharpe St - Retail

Retail-Commercial for Sale
Catylist Listing ID: 30597333
Property Subtypes: Mixed Use
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Sale Price: $1,190,000
Unit Price: $238 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/15/2020

Overview / Comments

This center benefits from heavy traffic generating around 28,500 cars per day on West Tharpe Stand an additional 18,000 cars per day on Old Bainbridge Rd- In front of large retail shopping center.
This project is located in the Capital of Florida which has a population of 147,255 within a 5-Mile radius and this site is less than 2 miles from Florida State University & Florida A&M University (58,110+ combined enrollment).
One National and one Regional tenant, all tenants with 3% annual increases- Next to Family Dollar
In addition to the universities, there is 1 elementary, 1 middle, and 1 high school. a much older building with a similar lease just traded for a 7.4 cap at 360 W Tharpe as of 4/1/2020.

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon
Tax ID/APN: 2123230000001
Zoning: C-2
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,518 104,636 174,026
Median Age: 27.83 29.01 30.76
Households: 8,432 42,826 72,160


Photograph of Listing Agent

Tracy Waters

Premier Commercial Group, LLC
TALrex.com Member
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