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2750 N Monroe St
Tallahassee, FL 32303
Low Rent Corp NNN | Annual Increases · Retail Property For Sale

Investment Highlights

  • Corporate Guaranteed - L.F.P., Inc. | 9.5 Years of Lease Term | Rare 2% Annual Increases
  • Major Thoroughfare | Near I-10 (39,000 VPD) | Excellent Visibility & Access
  • Nearby Florida State University & Florida A&M University | Strong Demographics In 5-mile Trade Area
  • NNN Lease | Fee Simple | Minimal Landlord Responsibilities
  • Retail Corridor With National/Credit Tenants | Surrounded By Hotels/Motels | Direct Consumer Base

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
8,060 SF
Building Class
B
Year Built/Renovated
1985/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.63 AC
Zoning
Commercial
Parking
32 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
189’ on N Monroe St

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Signalized Intersection

About 2750 N MONROE ST , TALLAHASSEE, FL 32303

The subject property is strategically positioned along N Monroe Blvd (41,500 VPD), a major regional commuter thoroughfare leading directly into the heart of downtown Tallahassee. The asset is also 0.5 miles east of the I-10 on/off ramps (39,000 VPD), America’s cross-continental thoroughfare traveling from Jacksonville, FL to Los Angeles, CA. Additionally, the property is ideally located in a retail corridor with nearby national/credit tenants including a 24-hour Walmart Supercenter, Publix, AMC Theatres, Walgreens, CVS Pharmacy, Planet Fitness, Staples, and more, promoting crossover store exposure to the site. Moreover, the asset is surrounded by several hotel/motels including Candlewood Inn, La Casa Inn, Motel 6, La Quinta Inn, and more, providing a direct consumer base from which to draw. Hustler Hollywood is also located less than 4 miles from Florida State University (42,000+ students enrolled) and less than 5 miles from Florida A&M University (7,000+ students enrolled). The 5-mile trade area is supported by a dense population of over 158,000 residents and 149,000 daytime employees, with an average household income of $63,105.

Property Taxes

Property Taxes

Parcel Number
21-14-20-431-000.0
Land Assessment
$603,526
Improvements Assessment
$813,472
Total Assessment
$1,416,998
  • Listing ID: 18727203

  • Date on Market: 3/3/2020

  • Last Updated:

  • Address: 2750 N Monroe St, Tallahassee, FL 32303

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