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100 E Magnolia Dr
Tallahassee, FL 32301
Free Standing Tallahassee Retail · Retail Property For Sale
Investment Highlights
- Investment Grade Credit Tenant – Dollar Tree (NASDAQ: DLTR) holds investment-grade rated credit with an S&P: BBB.
- Next to Florida A&M University – The property is located down the street from Florida A&M University with over 10,000 students.
- Absolute NNN Lease – There are roughly 3.5 years remaining on an Absolute NNN lease with zero landlord responsibilities and Four (4), Five (5) options
- Corporate Guaranteed Leases –Dollar Tree is subleasing the property from Walgreens, thus Walgreens Co. guarantees the lease with an S&P: BBB.
- ?1.6 miles from Florida State University - The property is 1.6 miles from Florida State University. Florida State currently enrolls 41,500 students
- ?Hard Corner Location with 3 AC Lot – The property has prime redevelopment potential with a signalized hard corner, a huge 3.06 AC lot.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,525 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
3.06 AC
Zoning
CU-45
Parking
70 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 41-01-20-462-000.0 | Improvements Assessment | $1,629,054 |
| Land Assessment | $489,155 | Total Assessment | $2,118,209 |
Property Taxes
Parcel Number
41-01-20-462-000.0
Land Assessment
$489,155
Improvements Assessment
$1,629,054
Total Assessment
$2,118,209
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