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FL CVS | $18M+ Sales | Percentage Rent 1300 Apalachee Pky 14,963 SF Retail Building Tallahassee, FL 32301 $5,667,016 ($378.74/SF) 6% Cap Rate
Investment Highlights
- CVS reports sales above $18 million at this location with the landlord receiving additional percentage rent.
- CVS's hours at this location are from 7 AM until Midnight, 7 days a week.
- 1.5 miles south of Tallahassee Memorial Healthcare Hospital (772 Beds).
- Located on the corner of Magnolia Drive & Apalachee Parkway with combined traffic counts of 59,500 VPD.
- 172,745 residents within a 5-mile radius.
Executive Summary
Listed in conjunction with Brian Brockman, Bang Realty - Naples, Inc, 513-898-1551, wg@bangrealty.com, FL DRE Lic. BK3327646.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,963 SF
Building Class
B
Year Built
1999
Price
$5,667,016
Price Per SF
$378.74
Cap Rate
6%
NOI
$340,021
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.84 AC
Zoning
AC
Parking
47 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-31-20-406-000.0 | Improvements Assessment | $1,549,297 |
| Land Assessment | $802,810 | Total Assessment | $2,352,107 |
Property Taxes
Parcel Number
11-31-20-406-000.0
Land Assessment
$802,810
Improvements Assessment
$1,549,297
Total Assessment
$2,352,107
(619) 297-0055
x302
Contacts
-
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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FL CVS | $18M+ Sales | Percentage Rent | 1300 Apalachee Pky
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