Monroe St Corridor
2018 Built Retail Building with secured tenant Leaseback
Marketing description
Recently Constructed in 2018 built to suit with high end finishes specific to current tenants. This Roughly 5500 Square foot retail building fronting the busy Monroe Street corridor is located nearby the Northwood Center development which includes the new Tallahassee Police Department and other intergovernmental projects. Consistent operational history with recently renewed tenant leases with rental increases at extension options. Great investment opportunity with over 5% cap rate and great local tenants with solid income history.
Investment highlights
3 unit 5500 Square foot Retail building built in 2018
100% occupied
Stable tenant operators with good history and established business
Leases with rent increases at each renewal option.
High end construction and finishes
Nearly 30,000 Annual Average Daily Traffic count
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