www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27901120
27901119

2320 Capital Cir NE, Tallahassee, FL 32308

LS
FL SL3604499
Premier Commercial Group
JM
FL SL3625299
Premier Commercial Group
Listed by Premier Commercial Group
$595,000
221 days on market
Updated 61 days ago

2 Store Successful Smoke Shop For Sale

Details
Property Type Business for Sale
Sub Type Business Only
Cap Rate 38.34%
NOI $228,108

Turnkey Owner-Absentee Smoke Shop Portfolio – 2 Profitable Tallahassee Locations

Marketing description

Excellent opportunity to acquire a two-store Hazel Sky Smoke Shop portfolio located in Tallahassee, Florida. Both stores are established, profitable, and strategically positioned in high-traffic retail corridors surrounded by complementary businesses that drive steady foot traffic and loyal repeat customers.

This is a true turnkey, owner-absentee business. A trusted general manager oversees both locations, handling daily operations, employee scheduling, and vendor relationships. Each store has a reliable team of staff members who manage sales, inventory, and customer service, allowing the business to operate on autopilot with minimal owner involvement.

Each store comes stocked with roughly $90,000 in wholesale inventory value, all included in the sale — totaling about $180,000 in inventory across both units. Both leases have 3–4 years remaining, with renewal options available, providing stability and predictable overhead.

For an investor, this is a cash-flowing, low-maintenance portfolio. For an owner-operator, it’s an opportunity to step in and dramatically increase profit margins by absorbing the general manager’s duties, trimming payroll, and tightening expenses — effectively boosting net income without sacrificing performance.

Both stores feature clean, well-organized layouts, strong vendor relationships, and a proven product mix including glass, vape, premium tobacco, and accessories. With consistent sales and an established local presence, this portfolio is positioned for both steady cash flow and growth potential.

Call or text for more information and financial details.

Investment highlights

  • Two established, profitable smoke shops in Tallahassee, FL

  • Fully managed, owner-absentee operation

  • $180K+ in wholesale inventory included (≈$90K per store)

  • General manager oversees both stores with trained staff in place

  • Leases have 3–4 years remaining with renewal options

  • Streamlined systems for payroll, inventory, and vendor management

  • Ideal passive investment or scalable retail opportunity

  • Owner-operator could easily reduce expenses and maximize net profit

Listing Contacts

LS
FL SL3604499
Premier Commercial Group
JM
FL SL3625299
Premier Commercial Group
Listed by Premier Commercial Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,108.00
$19,009.00/mo

Valuation Metrics

0
DSCR
38.34%
Cap Rate
38.34%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Logan Short
License
SL3604499
Brokerage
Premier Commercial Group
Title
Real Estate Broker
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.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591