1471 Timberlane Rd - Freestanding FOR SALE
Tallahassee, FL 32312 |
1471 Timberlane Rd
Tallahassee, FL 32312
HIGHLIGHTS
- Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Exceptional Annual Deposits Trending Up: $262+ Million. Deposits Increased 86% Since 2015. 56% Market Share in the 32312 Zip code.
- The Site is Located in a Prime Location Surrounded by Retail including Whole Foods, Trader Joe’s, Publix, CVS, Walgreens, Hobby Lobby and many more.
- Within the Market Square (Under Development) Anchored by a Brand New Cinepolis Luxury Cinema and REI - Tallahassee’s Newest Lifestyle & Entertainment.
- Densely Populated Affluent Area: Average Household Income of $92k+ within a 3-Mile Radius and over 124k People Residing within a 5-Mile Raduis.
- Located just 4 Miles North of Florida State University (w/ an Enrollment of more than 58k Students, Faculty and Staff) & Florida A&M University.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
PRIME MERIDIAN BANK | LONG TERM ABS NET LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
14727
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
42
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
11-08-51-005-052.0
