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2116 Apalachee Pky
Tallahassee, FL 32301
Florida Blue · Retail Property For Sale
Investment Highlights
- The corporately guaranteed NNN lease is backed by Blue Cross and Blue Shield of Florida, Inc., an investment grade credit tenant rated “A+“
- Florida Blue recently exercised its first option period early showing commitment to this location
- Site offers Insurance Sales and Services, along with care consulting, fitness activities, health education, nutrition advice, and wellness programs
- The NNN lease requires no management and no expenses of the landlord, making this an easy asset to own from anywhere
- The lease benefits from 2% annual rental increases throughout the remainder of the term and option period
- The population has increased within 1 mile, 3 miles and 5 miles the last 5 years and is projected to continue growth through 2025.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,100 SF
Building Class
C
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.16 AC
Zoning
CP - Commercial
Parking
43 Spaces (8.43 Spaces per 1,000 SF Leased)
Frontage
163’ on Apalachee Pky
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 31-05-20-068-002.0 | Improvements Assessment | $874,074 |
| Land Assessment | $505,300 | Total Assessment | $1,379,374 |
Property Taxes
Parcel Number
31-05-20-068-002.0
Land Assessment
$505,300
Improvements Assessment
$874,074
Total Assessment
$1,379,374
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