Ace Hardware 3510 N Monroe St 22,908 SF 78% Leased Retail Building Tallahassee, FL 32303 $3,100,000 ($135.32/SF) 6.13% Cap Rate

Premier opportunity to acquire a stable, income-producing retail asset at 3510 N Monroe Street in Tallahassee, Florida, offered as a sale/leaseback with Ace Hardware, one of the nation’s largest and most recognized hardware retailers.
The property is secured by a long-term lease with approximately 9 years remaining, featuring 10% rent increases every 5 years and three (3) five-year renewal options, providing predictable cash flow and built-in income growth. The landlord is responsible for roof and structure, offering a clearly defined responsibility structure.
While Ace Hardware is a national brand, the lease is with a long-standing local franchisee, not corporate. This location has served the Lake Jackson community for over 15 years, demonstrating strong tenant stability and local market presence. Located along North Monroe Street, a primary Tallahassee retail corridor, the site benefits from strong traffic counts, established retail synergy, and consistent consumer demand.
This offering is ideal for investors seeking durable tenancy, long-term income stability, and exposure to a proven national retailer in a growing Florida market.