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6808 Thomasville Rd
Tallahassee, FL 32312
Unit 109 · Retail Property For Sale
·
12,555 SF
Investment Highlights
- Exceptional Lease Structure: Rare 15-year initial MÜV lease term with 3% rent escalations, delivering an attractive 8.85% blended cap rate.
- Expanding Retail Corridor: Located across from a corporately owned Publix and surrounded by national retailers including Target, Chick-fil-A, Circle K
- Limited Competition: Only two dispensaries within a 4.5-mile radius serving a 46,000-person, high-income trade area (avg. HHI $163K+).
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.25% |
| Sale Type | Investment |
| Cap Rate | 7.25% |
Sale Notes
STNL.com is pleased to present this 100% fee simple MUV cannabis dispensary located in Tallahassee, FL. Three reasons to own this property include:
1. Exceptional Lease Fundamentals : MÜV executed a 15-year initial lease at this location, representing an exceptionally rare long-term commitment within the dispensary sector and positioning this offering among the longest remaining lease terms currently available on the market. With attractive 3% annual rental escalations, the asset delivers a compelling 8.85% blended cap rate during the initial ownership period, providing investors with durable cash flow growth and stability.
2. Limited Competition : MÜV operates in a trade area with only two dispensaries located within a 4.5-mile radius, creating a strong competitive advantage and supporting strong store performance. The surrounding 3-mile area includes 46,000 residents with an average HHI exceeding $163,000. Located approximately 10 minutes from the Florida–Georgia state line, allowing the site to capture consumer traffic from both North Florida and Southern Georgia, strengthening the tenant’s overall presence.
3. Expanding Commercial Trade Area: Anchored by a corporately owned Publix directly across the street, a site that has remained under Publix ownership since 1993. Strengthened by national retailers including a corporately owned Target, as well as brands such as Chick-fil-A, Circle K, and Dunkin’. The area continues to experience commercial growth with new developments featuring retailers such as Dutch Bros, Chipotle, Culver’s, and Waffle House, reinforcing the property with continued expansion.
1. Exceptional Lease Fundamentals : MÜV executed a 15-year initial lease at this location, representing an exceptionally rare long-term commitment within the dispensary sector and positioning this offering among the longest remaining lease terms currently available on the market. With attractive 3% annual rental escalations, the asset delivers a compelling 8.85% blended cap rate during the initial ownership period, providing investors with durable cash flow growth and stability.
2. Limited Competition : MÜV operates in a trade area with only two dispensaries located within a 4.5-mile radius, creating a strong competitive advantage and supporting strong store performance. The surrounding 3-mile area includes 46,000 residents with an average HHI exceeding $163,000. Located approximately 10 minutes from the Florida–Georgia state line, allowing the site to capture consumer traffic from both North Florida and Southern Georgia, strengthening the tenant’s overall presence.
3. Expanding Commercial Trade Area: Anchored by a corporately owned Publix directly across the street, a site that has remained under Publix ownership since 1993. Strengthened by national retailers including a corporately owned Target, as well as brands such as Chick-fil-A, Circle K, and Dunkin’. The area continues to experience commercial growth with new developments featuring retailers such as Dutch Bros, Chipotle, Culver’s, and Waffle House, reinforcing the property with continued expansion.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 109 | 3,015 SF | Retail | Upon Request | $144,200 |
Unit 109
| Unit Size |
| 3,015 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $144,200 |
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Unit 109
| Unit Size | 3,015 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $144,200 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Notes | |
| STNL.com is pleased to present this 100% fee simple MUV cannabis dispensary located in Tallahassee, FL. Three reasons to own this property include: <br> <br> 1. Exceptional Lease Fundamentals : MÜV executed a 15-year initial lease at this location, representing an exceptionally rare long-term commitment within the dispensary sector and positioning this offering among the longest remaining lease terms currently available on the market. With attractive 3% annual rental escalations, the asset delivers a compelling 8.85% blended cap rate during the initial ownership period, providing investors with durable cash flow growth and stability.<br> <br> 2. Limited Competition : MÜV operates in a trade area with only two dispensaries located within a 4.5-mile radius, creating a strong competitive advantage and supporting strong store performance. The surrounding 3-mile area includes 46,000 residents with an average HHI exceeding $163,000. Located approximately 10 minutes from the Florida–Georgia state line, allowing the site to capture consumer traffic from both North Florida and Southern Georgia, strengthening the tenant’s overall presence.<br> <br> 3. Expanding Commercial Trade Area: Anchored by a corporately owned Publix directly across the street, a site that has remained under Publix ownership since 1993. Strengthened by national retailers including a corporately owned Target, as well as brands such as Chick-fil-A, Circle K, and Dunkin’. The area continues to experience commercial growth with new developments featuring retailers such as Dutch Bros, Chipotle, Culver’s, and Waffle House, reinforcing the property with continued expansion.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 12,555 SF | Typical Floor Size | 3,015 SF |
| Property Type | Retail (Condo) | Year Built | 2010 |
| Property Subtype | Restaurant | Tenancy | Single |
| Building Class | B | Parking Ratio | 15.92/1,000 SF |
| Floors | 1 | ||
| Zoning | BC-2 - Bradfordville Commercial. Allows various retail and commercial uses within a small geographical area. Very busy center. | ||
| Total Building Size | 12,555 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Restaurant |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 3,015 SF |
| Year Built | 2010 |
| Tenancy | Single |
| Parking Ratio | 15.92/1,000 SF |
| Zoning | BC-2 - Bradfordville Commercial. Allows various retail and commercial uses within a small geographical area. Very busy center. |
Amenities
- Corner Lot
- Dedicated Turn Lane
- Security System
- Air Conditioning
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
