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Dunkin Donuts 2314 NE Capital Cir 1,890 SF 100% Leased Retail Building Tallahassee, FL 32308 $1,603,250 ($848.28/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Traffic count of 60,000 cars per day on Capital Circle NE
- 7+ year net lease with national tenant
- Brand new construction in highly populated area
- Minutes from an I10 interchange and the Canopy community
EXECUTIVE SUMMARY
Premier Commercial Group is proud to present the sale of a newly constructed (2022) Dunkin Donuts on Capital Circle NE! This is a free standing drive-thru building at the entrance of Capital Hill Plaza, in addition to Cube Smart, Avis Car Rentals, Smoothie King, HTeaO, and many others being built. This free standing, net lease asset with 7+ years remaining on a 10 year lease, contract with a season multi unit operator.
NOI based off of upcoming rent increase (2027)
NOI based off of upcoming rent increase (2027)
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,890 SF
Building Class
B
Year Built
2021
Price
$1,603,250
Price Per SF
$848.28
Cap Rate
6%
NOI
$96,195
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.01
Lot Size
4.00 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-16-50-000-001.0 | Improvements Assessment | $444,450 |
| Land Assessment | $58,181 | Total Assessment | $502,631 |
PROPERTY TAXES
Parcel Number
11-16-50-000-001.0
Land Assessment
$58,181
Improvements Assessment
$444,450
Total Assessment
$502,631
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Dunkin Donuts | 2314 NE Capital Cir
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