2110 Apalachee Parkway, Tallahassee, FL, 32301 - Available for Sale

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West Marine & Rack Room Shoes

2110 Apalachee Parkway, Tallahassee, FL 32301

$3,832,000

22,672 SF | Retail

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Retail Property For Sale Get Financing

Price:
$3,832,000
Gross Leasable Area:
22,672 SF
Price/SF:
$169.02
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
4%
Cap Rate:
7.10%
Tenancy:
Multiple
Year Built:
2013
Lot Size:
2.06 AC
Listing ID
18391395
Last Updated
15 days ago

Find Out More...

Highlights

  • Brand New Construction
  • Brand New 10 Year NNN Leases on Both Tenants
  • Out-Pad to Target Anchored Center
  • Growing Region With Population Growth Over 17 Percent
  • Heavily TRafficked With Over 41,000 Vehicles Passing in Front of the Site Daily

Description

All reasonable offers will be responded to. Priced competitively!

New construction, recently opened, new 10 year NNN leases commenced in fall 2013, for West Marine and Rack Room Shoes.

The site is located as an out-pad to a Super Target, signalized intersection. The region is the hub of national destination retail with such tenants at Chick-fil-A, Party City, Aaron's, HHGregg, Family Dollar, Pier 1 Imports, Romano's Macaroni Grill, and the Governor's Mall, which is home to over 90 retailers and is anchored by Dillard's, Sears, JCPenney, and Macy's. Just beyond the Mall is another retail center which is home to Marshalls, Famous Footwear, Fashion Bug, Michael's, and Old Navy. Walgreens, Best Buy, Border's Books, Super Cuts, Office Depot, Chipotle and others are also located in the immediate area.

Financial Summary

Major Tenant Information

  • Actual
  • $272,064
  • $272,064

Map of 2110 Apalachee Parkway, Tallahassee, FL 32301 (Leon County)

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Asking Price Index Trends for Tallahassee, FL Retail For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$145+0.6%-0.2%
-
Metro
$93-4.7%-5.0%

View Tallahassee Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 10/8/2013
West Marine & Rack Room Shoes
  • Retail
  • $3,832,000
  • 22,672 SF