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5648 Blountstown Hwy
Tallahassee, FL 32304
7.14% CAP RATE-BP GAS STATION IN TALLAHASSEE! · Retail Property For Sale
Investment Highlights
- BRAND NEW 6- PUMP BP STATION WITH BP-TO-GO SIGNATURE STORE IN THE HEART OF TALLAHASSEE, FL!
- 7.14% CAP RATE IN 2024! 8% CAP RATE IN 2029! 9% CAP RATE IN 2034! 10% CAP RATE IN 2039! 10.5% CAP RATE IN 2044!
- STRONG TENANT IN PLACE WITH OVER 35 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
- 10% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE. 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS!
- RECENT SITE RENOVATIONS INCLUDE NEW HVAC, ROOF, NEW TANKS, NEW PUMPS, NEW CANOPY, NEW SIGNAGE, AND NEW BPTO-GO INSIDE STORE!
- 20-YEAR PURE NNN LEASE IN PLACE WITH RENTAL BUMPS!
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,128 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.60 AC
Zoning
C-2 - CG
Parking
12 Spaces (4.74 Spaces per 1,000 SF Leased)
Frontage
296’ on Blountstown Hwy
Amenities
- Dedicated Turn Lane
- Signalized Intersection
Property Taxes
| Parcel Number | 21-31-20-616-000.0 | Improvements Assessment | $327,130 |
| Land Assessment | $108,232 | Total Assessment | $435,362 |
Property Taxes
Parcel Number
21-31-20-616-000.0
Land Assessment
$108,232
Improvements Assessment
$327,130
Total Assessment
$435,362
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