1414 Capital Cir NW | Tallahassee, FL 32303
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- LoopNet Team
1414 Capital Cir NW
Tallahassee, FL 32303
SONIC - TALLAHASSEE, FL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- Lease is Personally Guaranteed by the Operator (Net Worth in Excess of $28,000,000)!
- Traffic Counts Exceed 64,590 CPD!
- Sonstore 3052 Tallahassee FL, LLC Operates a Total of 19 Sonic Drive-In Restaurants, 1 Rib Crib Restaurant, and a Number of Other Restaurants
- Successfully Open & Operating for Decades with an Attractive 8.59% Rent to Sales Ratio! Open/Paying Rent Through COVID with Full Drive-Thru!
- 2021 DEMOGRAPHICS: Total Population (5-MI): 115,596 | Average Household Income (1-MI): $54,172
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,250 SF
Building Class
B
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.00 AC
Zoning
AC
Parking
36 Spaces (28.8 Spaces per 1,000 SF Leased)
Frontage
184’ on Capital Cir NW
AMENITIES
- Dedicated Turn Lane
- Drive Thru
PROPERTY TAXES
| Parcel Number | 21-30-60-00B-047.0 | Improvements Assessment | $393,587 |
| Land Assessment | $261,360 | Total Assessment | $654,947 |
PROPERTY TAXES
Parcel Number
21-30-60-00B-047.0
Land Assessment
$261,360
Improvements Assessment
$393,587
Total Assessment
$654,947
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