Leases Renewed, No Coronavirus Rent Deferment
Retail-Commercial
for Sale
| Catylist Listing ID: |
30326471 |
| Building Size (RSF): |
14,850 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.60 SF
|
| Sale Price: |
$1,495,000 |
| Unit Price: |
$100.67 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.8% |
| Last Updated: |
5/21/2020 |
Overview / Comments
Renewed Leases! No Coronavirus rent deferment, Tenants are paying full rent! 14,850 square foot fully leased building. Located on out parcel to a very busy Publix anchored center. AC zoning affords maximum flexibility. Virtually unlimited parking, cross parking and access easements with the Publix Property. Building is well maintained. Excellent payment history.
With access from 3 major four-lane streets total, traffic count is over 70,000 VPD. Off-site storm water management by the City of Tallahassee.
There are no Publix use restrictions on the Property. Leases term out September 2019 but Tenants are willing to renew for multi-year terms
|
Financials
| Finance Data Year |
2018 |
| Net Operating Income |
$145,200 (Annual) |
Current Tenants
| Tenant Business Name |
Dance Fusion |
| Industry Type |
Arts, Entertainment, and Recreation |
| Is Renting? |
Yes |
| SF of Space Occupied |
8,810 SF |
| Tenant Business Name |
Engage Midtown |
| Industry Type |
Other Services |
| Is Renting? |
Yes |
| SF of Space Occupied |
6,040 SF |
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
21-25-20-030-000.0 |
| Zoning: |
AC |
| Retail Clientele: |
General, Family, Business, Other |
| Property Located Between: |
Monroe St & Tharpe |
| Largest Nearby Street: |
Monroe |
| Feet of Frontage: |
208 |
| Tenancy: |
Multiple Tenants |
| Number of Stories: |
1 |
| Year Built: |
1991 |
| Construction/Siding: |
Brick |
| Total Parking Spaces: |
100 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,555 |
105,075 |
179,433 |
| Median Age: |
33.14 |
29.35 |
31.71 |
| Households: |
6,799 |
44,752 |
74,872 |
|
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