Multi-tenant building
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
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