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- LoopNet Team
3844 N Monroe St
Tallahassee, FL 32303
Retail Property For Sale
Property Facts
Amenities
- Dedicated Turn Lane
- Signalized Intersection
- Drive Thru
About 3844 N MONROE ST , TALLAHASSEE, FL 32303
Super unique STARBUCKS in Florida. Extremely low rent ($41.08 per S.F.) Lease Guarantor, Starbucks Corporation. Located on the hard corner at a signalized intersection with over 30,500 vehicles per day. All four corners occupied by national tenants, CVS, MacDonald’s and Walgreens in addition to this Starbucks. The property is an out-parcel to the Lake Jackson Public Library and Northwest YMCA. North Monroe Street is the primary road entering downtown Tallahassee which is the State Capital and home of Florida State University. The Cap rate is based on Annual rent of $79,200 (5.26%) in August of 2019. Seller shall credit buyer for the rental income difference at closing. The building with Concrete Block & CBB Brick with rated impact resistant windows, with roof warranty in place, on a large corner lot (35,280 S. F.) with excellent access with drive- true.
Property Taxes
| Parcel Number | 21-09-20-005-000.0 | Improvements Assessment | $355,923 |
| Land Assessment | $148,189 | Total Assessment | $504,112 |
Property Taxes
