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20504393
20504394

3808 N Monroe St, Tallahassee, FL 32303

LS
FL SL3604499
Premier Commercial Group
TW
FL FL 658092
Premier Commercial Group
Listed by Premier Commercial Group
$920,000
584 days on market
Updated 58 days ago

Multi-tenant building

Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 3,200
Units 2
Cap Rate 3.71%
NOI $34,128
Occupancy 100%
Tenancy Multi
Brand/Tenant papa johns, just one more
Lease Type NNN
Year Built 1997
Buildings 1
Stories 1
Parking Spaces spaces

100% leased, Multi-Tenant retail building for sale in Tallahassee

Marketing description

Premier Commercial Group proudly presents a prime investment opportunity in a hightraffic strip plaza located on 3808 N Monroe St. in Tallahassee, FL. This offering includes two fully leased units, currently occupied by well-established tenants: Papa John’s and Just One More.

Papa John’s has 2 years remaining on a NNN lease, with a 7 year operating history providing stable income with minimal landlord responsibilities.

Just One More has 4 years left on its NNN lease, with a 13 year operating history offering additional long-term security.

Both tenants are locked in at below-market rents, creating a significant opportunity for future rent growth. With no renewal options in place, investors have the potential to adjust leases to reflect current market conditions upon expiration. This is a fantastic opportunity for savvy investors seeking a steady return with upside potential in one of Tallahassee’s most active commercial areas. Don’t miss out on this chance to add a high-performing asset to your portfolio!

Investment highlights

  • Minutes from I-10 interchange

  • 100% occupancy with NNN leases way below market rent

  • Strong rental income potential

  • Well-maintained property with high visibility and foot traffic

Listing Contacts

LS
FL SL3604499
Premier Commercial Group
TW
FL FL 658092
Premier Commercial Group
Listed by Premier Commercial Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$34,128.00
$2,844.00/mo

Valuation Metrics

0
DSCR
3.71%
Cap Rate
3.71%
ROI

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Additional Information

Name
Logan Short
License
SL3604499
Brokerage
Premier Commercial Group
Title
Real Estate Broker
Name
Tracy Waters
License
FL 658092
Brokerage
Premier Commercial Group, LLC
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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