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.
33155240
33155238

1515 Killearn Center Boulevard, Tallahassee, FL 32309

JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews
$1,631,667
6 days on market
Updated 6 days ago

Auto & Tire Super-Service Center

Details
APN 110853 B0012
Property Type Retail
Sub Type Auto Shop
Square Footage 4,060
Net Rentable (SqFt) 4,060
Units 1
Cap Rate 6.00%
NOI $97,900
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/06/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options 3 X 5 Year
Year Built 1991
Stories 1
Acreage 0.700
Zoning AC
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/07/2019
Ground Lease No

Auto & Tire Center | Driven Brands Guarantee | Tallahassee, FL

Investment highlights

Property Highlights:

  • Long-Term Lease Stability + Built-In Rental Growth: Driven Brands has approximately 8 years remaining on the initial lease term, with the next scheduled rent increase of 10% occurring in 2029.
  • Healthy Rent Figure: The Tenant is currently paying ~$24 PSF for a 9-bay facility, reflecting exceptionally healthy rent metrics for the location.
  • Absolute NNN Lease: The lease is structured as an absolute net lease, providing truly passive ownership with zero landlord responsibilities, including roof, structure, and all operating expenses.
  • Creditworthy Corporate Tenant: Lease backed by Driven Systems LLC (NASDAQ: DRVN), providing strong credit and financial stability.
  • Essential Service Tenant: Auto-care & Quick oil change facilities provide essential vehicle maintenance that consumers prioritize in any economy, supporting consistent demand and stable long-term cash flow for investors.

Location Highlights:

  • Premier Retail Corridor: Positioned at the signalized intersection of Capital Circle NE and Thomasville Road, the property is located within one of Tallahassee’s premier retail corridors. The surrounding area is anchored by numerous national retailers and restaurants, including Publix, Hobby Lobby, CVS, The Fresh Market, Trader Joe's, Chipotle, Starbucks, and McDonald's, all of which generate significant daily traffic and consumer activity in the immediate area.
  • Affluent Submarket: The property is located within one of Tallahassee’s most affluent and established submarkets, with average household incomes exceeding $144,000 within a one-mile radius.
  • Strong Surrounding Demographics: The asset benefits from exceptional surrounding demographics, with more than 109,000 residents within a five-mile radius, providing a deep, stable, and consistent consumer base.
  • Large Parcel with Future Flexibility: Situated on approximately ±0.70 acres, the property features ample on-site parking and offers potential future redevelopment, expansion, or repositioning opportunities.

Listing Contacts

JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews

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
$97,900.00
$8,158.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jake Lurie
License
SL3510801
Name
Andrew Doerr
License
SL3579687 (FL)
Brokerage
3579687
*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