Also listed as Retail-Commercial
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||Net Leased Investment (NNN), Investment, Business
Overview / Comments
1031 Exchange. Excellent redevelopment opportunity to significantly increase the current value of the property similar to neighboring new mixed use construction. Do Not Disturb Tenants. Unique opportunity in 30 years to acquire this prime Investment Property, a neighborhood shopping center located on Capital Circle Northeast, Tallahassee. The property has been 100% leased consisting of six (1,500 sqft) storefronts with long-term local tenants at current market rates and escalating options. It is being offered after significant renovations including modern showrooms and exterior upgrades, plumbing, electrical, and landscaping. This location allows for major upside potential situated on one acre parcel fronting six lane high traffic area and large Pylon Sign. Center is located near I-10, between Home Depot and Lowe's in a highly saturated commercial corridor of restaurants and numerous national franchises.
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