Corporate Avis-Budget Tallahassee
AVIS-BUDGET | 5.85% CAP RATE | TALLAHASSEE, FL
Marketing description
CBRE is pleased to present the exclusive listing of a freestanding Avis-Budget located at 3108 W Tennessee St, in Tallahassee, Florida. The site consists of 820 rentable square feet of building space and sits on a 0.60-acre parcel of land. The current base rent is $82,000 and the lease calls for 2.5% annual escalations during the base term and through the two (2), five-year renewal option periods.
The property is located on a major arterial road within a well-established retail corridor, surrounded by national and regional tenants including Publix, Home Depot, Aldi, Walgreens, Dollar General, and Target, along with several shopping centers and hospitality businesses. Its proximity to Florida State University, Florida A&M University, and Tallahassee State College contributes to steady traffic from nearby residential neighborhoods and student populations, supporting consistent activity in the area.
Investment highlights
Low Price Point | Corporate Avis-Budget Lease | Tax-Free, Tallahassee Real Estate.
More Than ~131,000 residents within within a 5-mile radius | Robust Demographic Profile Prime for Highest and Best Use as Auto-Rental | Densly Retail and Residential Infill.
Proximity to Downtown Tallahassee & Florida State University | Home to Over 44,300 Students and 15,000 Faculty & Staff.
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