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1950 W Pensacola St 3,188 SF of Retail Space Available in Tallahassee, FL 32304
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,188 SF | Negotiable | $47.00 /SF/YR $3.92 /SF/MO $149,836 /YR $12,486 /MO | Triple Net (NNN) |
1st Floor
1950 W. Pensacola Street is an incredibly well positioned retail site near Florida State University and Tallahassee State College. Located in a high traffic and densely populated area, this site is ideal for QSR concepts, financial institutions, urgent care, auto service, and more. The existing improvements can be leased or ownership will consider scrape and rebuild scenarios under a long term ground lease. The site is located just down the street from the #2 top grossing Publix in the State of Florida. With excellent access, visibility, and strong daytime/nighttime population, this site is truly the best positioned corner in the trade area. See attached .pdf brochure. 3,188 Sq. Ft. +/- Hard Corner .64 of an Acre (210’ x 140’ +/-) Long Term Ground Lease OR Lease of Existing Improvements Situated between FSU and TSC 35 Parking Spaces High Barrier to Entry Area Great Access on Pensacola Street and Ocala Road Traffic Counts: Ocala Road 29,721 Pensacola Street 30,859 Pylon Signage Surrounded by Dense Student Housing Located near the #2 Grossing Publix in the State of Florida
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 1950 W PENSACOLA ST, TALLAHASSEE, FL 32304
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Wendy's
- Fast-food
- 7,157
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Wendy's | Fast-food | 7,157 | International |
PROPERTY FACTS
| Total Space Available | 3,188 SF | Gross Leasable Area | 3,603 SF |
| Property Type | Retail | Year Built | 1981 |
| Property Subtype | Fast Food | Parking Ratio | 8.6/1,000 SF |
| Total Space Available | 3,188 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 3,603 SF |
| Year Built | 1981 |
| Parking Ratio | 8.6/1,000 SF |
ABOUT THE PROPERTY
1950 W. Pensacola Street is an incredibly well positioned retail site near Florida State University and Tallahassee State College. Located in a high traffic and densely populated area, this site is ideal for QSR concepts, financial institutions, urgent care, auto service, and more. The existing improvements can be leased or ownership will consider scrape and rebuild scenarios under a long term ground lease. The site is located just down the street from the #2 top grossing Publix in the State of Florida. With excellent access, visibility, and strong daytime/nighttime population, this site is truly the best positioned corner in the trade area. See attached .pdf brochure. 3,188 Sq. Ft. +/- Hard Corner .64 of an Acre (210’ x 140’ +/-) Long Term Ground Lease OR Lease of Existing Improvements Situated between FSU and TSC 35 Parking Spaces High Barrier to Entry Area Great Access on Pensacola Street and Ocala Road Traffic Counts: Ocala Road 29,721 Pensacola Street 30,859 Pylon Signage Surrounded by Dense Student Housing Located near the #2 Grossing Publix in the State of Florida
- Dedicated Turn Lane
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
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1950 W Pensacola St
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