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Wawa | Abs NNN Ground Lease 1755 N Blair Stone Rd 6,119 SF Retail Building Tallahassee, FL 32308 $6,222,000 ($1,016.83/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Signalized, Hard Corner Intersection | Off Capital Circle NE | North of Tennessee St | Surrounding Retailers & Neighborhoods
- Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilitie | No State Income Tax
EXECUTIVE SUMMARY
Single tenant absolute NNN ground lease investment opportunity
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,119 SF
Building Class
C
Year Built
2025
Price
$6,222,000
Price Per SF
$1,016.83
Cap Rate
4.50%
NOI
$280,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.47 AC
Zoning
GC - General Commercial
Parking
47 Spaces (7.68 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-28-20-299-000.0 | Improvements Assessment | $0 |
| Land Assessment | $753,151 | Total Assessment | $753,151 |
PROPERTY TAXES
Parcel Number
11-28-20-299-000.0
Land Assessment
$753,151
Improvements Assessment
$0
Total Assessment
$753,151
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Wawa | Abs NNN Ground Lease | 1755 N Blair Stone Rd
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