Listed by Mattox Realty
$3,300,000
Midtown Landing
Details
APN 21-25-45-000-157-0, 21-25-51-000-013-0
Property Type Retail
Sub Type Shopping Center
Square Footage 13,262
Net Rentable (SqFt) 13,262
Units 8
Cap Rate 6.94%
NOI $229,008
Occupancy 100%
Tenancy Multi
Brand/Tenant Brueggers Bagels
Lease Type NNN
Lease Term 5
Rent Bumps Yes
Lease Options On all Leases
Price per SqFt $249
Broker Co-Op True
Class B
Year Built 1946
Year Renovated 2010
Buildings 2
Stories 1
Acreage 0.920
Zoning Central Urban-45 and Central Urban-26
Parking Spaces 45 spaces
Parking per 1,000 SqFt 3.39
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Retail | 6.94% CAP | 13,262 SqFt
Marketing description
The investment asset is a stabilized infill retail asset in a mature Tallahassee trade area with durable access, full occupancy, and in-place cash flow supported by triple-net recoveries. Its combination of legacy frontage, functional multi-tenant configuration, and location within a 95%-developed commercial district positions the property as a cash-flowing acquisition with long-term relevance in one of the city’s established retail corridors.
Investment highlights
- 13,262 net leaseable square foot retail strip center
- 1,800 sf of basement in 1212 N Monroe Street
- 0.920 Acre, 40,075 Square Feet, More or Less
- North Monroe Street & Adams Street access
- All utilities are available
- Zone X - not in a flood zone
Listing Contacts
Listed by Mattox Realty
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
$229,008.00
$19,084.00/mo
Valuation Metrics
0
DSCR
6.94%
Cap Rate
6.94%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
