2615 N. Monroe Street, Tallahassee, FL
Shopping Center for Sale - $2,405,088 - 5,648 Sq. Ft. on 0.59 acres
Property Info
| CIMLS# | 829541 |
| Location 2615 N. Monroe Street Tallahassee FL 32303 | |
| Updated | May 10th, 2016 |
| Type | Shopping Center |
| Price | $2,405,088 |
| Building | 5,648 Sq. Ft. |
| Land | 0.59 acres |
Property Description
Sperry Van Ness is pleased to present this multi-tenant retail investment offering in Tallahassee Florida. The property consists of a 5648 square-foot freestanding retail building. The property is brand new and new 10 and 7 year leases have been executed with retailers Mattress One and Prime Communications, an AT&T Authorized reseller. This property is in the Tallahassee, the State Capital of Florida and is well located. This is a unique property and allows an investor to diversify risk by being a multi-tenant investment.
Location Description:
The property is located on North Monroe Street, approximately 1/2 mile south of I-10 and 1/2 mile north of the newly redeveloped The Centre of Tallahassee Mall (formerly Tallahassee Mall). Excellent frontage and visibility along N. Monroe Street (HWY 27) with full median turning access.
Highlights:
>> 6.25% Cap Rate
>> Annual Rate Increases
>> Brand New Construction with warranties
>> Net leased, Landlord responsible for Roof and Structure only
>> Great Location in Tallahassee, FL
>> Near the new "Centre of Tallahassee" Mall
>> FL is a No Income Tax State
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Financials
Sales Info:
>> Commision split: 2.0%