100 E Magnolia Dr - Freestanding FOR SALE
Tallahassee, FL 32301 |
100 E Magnolia Dr
Tallahassee, FL 32301
HIGHLIGHTS
- Investment Grade Credit Tenant – Dollar Tree (NASDAQ: DLTR) holds investment-grade rated credit with an S&P: BBB.
- Corporate Guaranteed Leases –Dollar Tree is subleasing the property from Walgreens, thus Walgreens Co. guarantees the lease with an S&P: BBB.
- Next to Florida A&M University – The property is located down the street from Florida A&M University with over 10,000 students.
- ?1.6 miles from Florida State University - The property is 1.6 miles from Florida State University. Florida State currently enrolls 41,500 students
- Absolute NNN Lease – There are roughly 3.5 years remaining on an Absolute NNN lease with zero landlord responsibilities and Four (4), Five (5) options
- ?Hard Corner Location with 3 AC Lot – The property has prime redevelopment potential with a signalized hard corner, a huge 3.06 AC lot.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Free Standing Tallahassee Retail
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
15525
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
41-01-20-462-000.0
