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Checkers 3117 Mahan Dr 2,185 SF Retail Building Tallahassee, FL 32308 $1,341,463 ($613.94/SF) 6.15% Cap Rate
Investment Highlights
- Absolute NNN lease with ±9 years remaining and 10% rent increases every 5 years.
- Prime signalized corner location on Mahan Dr. with ±38,500 vehicles per day.
- Situated near Florida State University with ±44,597 students and stable enrollment.
- Nationally renowned Checkers brand with 800+ locations across 30+ states.
- Dense retail corridor with Costco, Publix, Walmart, Starbucks, and more nearby.
- Attractive fundamentals with ±141,725 residents within a 5-mile radius.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,185 SF
Building Class
B
Year Built
2017
Price
$1,341,463
Price Per SF
$613.94
Cap Rate
6.15%
NOI
$82,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.32 AC
Frontage
147’ on Mahan Dr
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-27-15-000-002.1 | Improvements Assessment | $216,276 |
| Land Assessment | $145,908 | Total Assessment | $362,184 |
Property Taxes
Parcel Number
11-27-15-000-002.1
Land Assessment
$145,908
Improvements Assessment
$216,276
Total Assessment
$362,184
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Checkers | 3117 Mahan Dr
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