Listed by Ripco Real Estate
$2,080,000
Cancun's Sports Bar & Grill
Details
APN 1422110001130
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 4,432
Net Rentable (SqFt) 4,432
Units 1
Cap Rate 6.00%
NOI $124,800
Occupancy 100%
Tenancy Single
Brand/Tenant Cancun's Sports Bar & Grill
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 03/31/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options One 10-year option to extend with 15% rental increases in Year 1 and Year 6 of the option period
Price per SqFt $469
Year Built 1986
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.110
Zoning BC-2 - Bradford Commercial 2
Parking Spaces 90 spaces
Parking per 1,000 SqFt 20.31
Investment Type Net Lease
Lease Commencement 04/01/2025
Ground Lease No
Cancun's Sports Bar & Grill | Absolute NNN 10-Year Lease | Tallahassee, FL
Marketing description
Retail Condominium listing at 6800 Thomasville Road, Suite 102, Tallahassee FL, 32303.
Investment highlights
- The property is currently leased on an Absolute NNN lease, requiring minimal landlord responsibilities, with 10 years of term remaining
- The lease includes 15% rental increases every 5 years including the 10-year option period, providing protection against inflation
- The property is located in Florida, a state with no state income tax
- Approximately 1,000 new homes are underway immediately behind the site, utilizing Rhea road, immediately adjacent with designated access to the plaza, as an access road, strengthening local density and demand for restaurants in the immediate trade area
- $162,744 average household income within a 3-mile radius
Listing Contacts
Listed by Ripco Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$124,800.00
$10,400.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
BC-2 CommercialSpecial CommercialBradfordville Commercial 2
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View all 41 uses
View all 41 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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