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NNN Leased Retail Center 950 W Tharpe St 5,500 SF 100% Leased Retail Building Tallahassee, FL 32303 $1,470,000 ($267.27/SF) 7.09% Cap Rate
Investment Highlights
- 280 ft Frontage on W Tharpe St
- Near lighted intersection
- 100% leased
Executive Summary
Introducing an exceptional opportunity in Tallahassee, FL: 950 W Tharpe St. This remarkable property features a 5,010 SF building with 4 units, 100% leased offering a prime investment potential. Built in 2018, the building boasts modern construction and design, appealing to savvy retail/street retail investors. Don't miss out on the chance to acquire this attractive property in a thriving location, poised for success.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,500 SF
Building Class
B
Year Built
2018
Price
$1,470,000
Price Per SF
$267.27
Cap Rate
7.09%
NOI
$104,195
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.90 AC
Zoning
Commercial
Parking
13 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
280’ on W Tharpe St.
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-23-24-000-100.0 | Improvements Assessment | $823,865 |
| Land Assessment | $184,685 | Total Assessment | $1,008,550 |
Property Taxes
Parcel Number
21-23-24-000-100.0
Land Assessment
$184,685
Improvements Assessment
$823,865
Total Assessment
$1,008,550
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NNN Leased Retail Center | 950 W Tharpe St
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