1572 Bannerman Rd - Convenience Store FOR SALE


Tallahassee, FL 32312
$1,425,000 USD
850-508-4242
1572 Bannerman Rd, Tallahassee, FL for Sale
$1,425,000 USD
Convenience Store - FOR SALE
1/7
null | 6.74% Cap Rate

1572 Bannerman Rd
Tallahassee, FL 32312


HIGHLIGHTS

  • Drive-Thru Coffee Facility with strong market drivers surrounding the immediate area with high financial income demographic.
  • Situated across the street from a newly developed Publix Supermarket with several new residential projects in various phases of development.
  • Situated on a main residential artery that has gained significant commercial growth in recent years.
  • High Traffic Counts on the immediate and adjacent arterial corridors.
  • Located in one of the highest income area in Tallahassee.
  • Excellent frontage and visibility on Bannerman Road.

OVERVIEW

Premier Commercial Group is proud to present this 850 sf double drive thru building at 1572 Bannerman Rd. in Tallahassee Fl. This newly constructed, free standing drive thru was completed in 2023 and sits on the corner of Bannerman Rd and Bull Headley - both known for their heavy daily traffic counts. A regional tenant (Red Owl Coffee) has 7.3+ years remaining (out of 8) on their NNN lease at this location, with a 1 year renewal followed by 2.5 years. In addition, it sits across from a Publix anchored neighborhood center that also opened in the summer of 2023. This area of Bannerman is surrounded by thousands of residential housing units, with over 1,000 more planned within a few mile radius.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$1,676 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Owl Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

LP

APN/PARCEL ID

14-08-49-000-002.0

ASK ABOUT THIS PROPERTY

Al RussellPremier Commercial GroupMore Info
850-508-4242

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Al RussellPremier Commercial GroupMore Info
850-508-4242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.