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18414176
18414177

2870 Apalachee Pkwy, Tallahassee, FL 32301

FD
FL #SL3389522
Premier Commercial Group
JM
FL SL3625299
Premier Commercial Group
Listed by Premier Commercial Group
$1,570,000
717 days on market
Updated 59 days ago

Guthries Investment Property

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,616
Units 1
Cap Rate 6.51%
NOI $102,279
Occupancy 100%
Tenancy Single
Brand/Tenant Guthries
Lease Type NNN
Remaining Term 10
Price per SqFt $600
Class A
Year Renovated 2023
Buildings 1
Acreage 0.760
Zoning cp
Parking Spaces 16 spaces
Parking Per SqFt 6.12
Investment Type Net Lease
Sale Condition For sale by owner

Free standing drive thru investment property in Tallahassee

Marketing description

Premier Commercial Group is proud to present 2870 Apalachee Parkway for sale in Tallahassee, Florida! This 2,616 sf drive thru property is currently being leased out by Guthries with a 5 year NNN lease remaining, providing a stable income stream. Situated in the Tallahassee area, this property holds significant potential for long-term retail investment success. 10.5 years remaining on lease - 5.5 years remaining on original 7 year NNN lease, with tenant exercising an early 5 year renewal

*Does not include back half of land*

Investment highlights

  • Recently renovated in 2023, offering modern amenities

  • Zoned CP for flexible commercial use

  • High visibility in a bustling commercial area

  • Ideal for retail or street retail investor

  • Established location in the heart of Tallahassee

  • **Multi unit operator

Listing Contacts

FD
FL #SL3389522
Premier Commercial Group
JM
FL SL3625299
Premier Commercial Group
Listed by Premier Commercial Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,279.00
$8,523.25/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

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Additional Information

Name
Fletcher Dilmore
License
#SL3389522
Name
Jake McPhail
License
SL3625299
Brokerage
Premier Commercial Group
Brokerage Phone
8508606786
Title
Real Estate Advisor
Brokerage Address
4708 Capital Circle Southwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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