Retail Center Investment Sale

Retail-Commercial for Sale
Catylist Listing ID: 30370842
Property Subtypes: Street Retail, Other
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.90 Acres
Sale Price: $1,275,000
Unit Price: $255 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Tharpe Retail Center
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/19/2019

Overview / Comments

Beck Partners CRE is pleased to offer for sale an opportunity to acquire a prime piece of real estate in Tallahassee FL. This 100% leased retail strip center features a mix of national, regional and local tenants and was constructed in 2018. Tenants include Jackson Hewitt, Nova Engineering, Florida Wing Factor, and All-Star Barber Shop and all tenants are on long-term leases and are operating under a NNN leases. This center benefits from heavy traffic generating around 28,500 cars per day on West Tharpe St and an additional 18,000 cars per day on Old Bainbridge Rd.

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).

Please contact listing agent for more information about this opportunity to acquire a stabilized and very well maintained retail center with an excellent tenant mix in a tax-free State.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2123230000001
Zoning: COM

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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

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