1126 Thomasville Rd | Tallahassee, FL 32303
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- LoopNet Team
1126 Thomasville Rd
Tallahassee, FL 32303
Sunburn · Retail Property For Sale
Investment Highlights
- LONG-TERM LEASE – There are over 9 Years remaining on the base term of the lease, providing stability and security for investors
- EARLY LEASE EXTENSION – The tenant has recently executed a 4-year lease extension, demonstrating their commitment to the site
- FAVORABLE RENTAL INCREASE – 2.50% Annual Rental escalations provide investors with a hedge against inflation
- HIGH YIELDING INVESTMENT – Property is being offered at a Year-1 in place cap rate of 7.52%
- The property’s roof was recently replaced in 2023, and it comes with a transferable 15-year warranty
- Brady Cobb, the CEO of Sunburn, has a track record of success.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,434 SF
Building Class
B
Year Built
1964
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.41 AC
Zoning
CU-45 - Commercial Business
Parking
22 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
56’ on Thomasville Road
Property Taxes
| Parcel Number | 21-25-45-000-134.2 | Improvements Assessment | $725,306 |
| Land Assessment | $209,855 | Total Assessment | $935,161 |
Property Taxes
Parcel Number
21-25-45-000-134.2
Land Assessment
$209,855
Improvements Assessment
$725,306
Total Assessment
$935,161
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