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Building 5 2320 Capital Cir NE 1,000 - 6,470 SF of 4-Star Retail Space Available in Tallahassee, FL 32308
Highlights
- ±9,350 SF new construction retail strip: Surrounded by established national brands and strong daytime traffic drivers
- Endcap(s) with drive-thru capability available
- Direct frontage along Capital Circle NE (over 59,600 VPD)
- Divisible multi-tenant building (suites from 1,200–3,000 SF)
- Located in Capitol Hill Plaza: a 7-building development with national/regional tenants in place
- Minutes from I-10 and the master-planned Canopy Community
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,000-6,470 SF | Negotiable | $50.00 /SF/YR $4.17 /SF/MO $323,500 /YR $26,958 /MO | Triple Net (NNN) |
1st Floor
Now Pre-Leasing: Multi-Tenant Retail Opportunities at Capital Hill PlazaCapital | $42 - $50/sf/yr
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air Conditioning
- Newly Built
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 Building 5
- Tenant
- Description
- US Locations
- Reach
- Avis Car Rental
- Retailer
- -
- -
- CubeSmart Self Storage
- Retailer
- -
- -
- Dunkin’ Donuts
- Retailer
- -
- -
- Hazel Sky (regional)
- Retailer
- -
- -
- Lavish Nails (regional)
- Retailer
- -
- -
- Smoothie King (National)
- Retailer
- -
- -
| Tenant | Description | US Locations | Reach |
| Avis Car Rental | Retailer | - | - |
| CubeSmart Self Storage | Retailer | - | - |
| Dunkin’ Donuts | Retailer | - | - |
| Hazel Sky (regional) | Retailer | - | - |
| Lavish Nails (regional) | Retailer | - | - |
| Smoothie King (National) | Retailer | - | - |
Property Facts
| Total Space Available | 6,470 SF | Gross Leasable Area | 9,350 SF |
| Min. Divisible | 1,000 SF | Year Built | 2026 |
| Property Type | Retail | Construction Status | Under Construction |
| Property Subtype | Storefront |
| Total Space Available | 6,470 SF |
| Min. Divisible | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,350 SF |
| Year Built | 2026 |
| Construction Status | Under Construction |
About the Property
Now Pre-Leasing: Multi-Tenant Retail Opportunities at Capital Hill Plaza Capital Hill Plaza, one of Tallahassee’s most dynamic and rapidly growing retail destinations, is now pre-leasing space within Building 5, a newly constructed 9,350 SF multi-tenant building located along Capital Circle NE. With exposure to over 60,000 vehicles per day, this premier location offers outstanding visibility, accessibility, and the opportunity to join a thriving mix of national and regional retailers. The north end of the building is already leased to Zoom Tan (2,880 SF), leaving 1,000 to 6,470 SF available for lease. The project offers flexible suite configurations, including a highly desirable end-cap space with drive-thru capability—ideal for quick-service restaurants, coffee users, or high-traffic service concepts. Landlord will deliver spaces in a dark shell condition, providing tenants with approximately $65/SF in Tenant Improvement Allowance, allowing for customized build-outs tailored to specific operational needs. Surrounded by strong national co-tenancy including Dunkin’, Smoothie King, Avis/Budget, CubeSmart, and Smile Doctors Orthodontics, Capital Hill Plaza continues to establish itself as a dominant retail hub in Northeast Tallahassee.
Nearby Major Retailers
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Building 5 | 2320 Capital Cir NE
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