Property Listing No Longer Available for Sale

2615 N. Monroe Street, Tallahassee, FL

Shopping Center for Sale - $2,367,212 - 5,648 Sq. Ft. on 0.59 acres


Property Info

CIMLS#904333
Location
  2615 N. Monroe Street
  Tallahassee FL 32303
UpdatedDecember 8th, 2016
TypeShopping Center
Price$2,367,212
Building5,648 Sq. Ft.
Land0.59 acres

Property Description

SVN 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. NOI is $150,318

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:

>> 6.35% Cap Rate

>> Annual Rate Increases

>> New Construction

>> 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%