$3,294,817 USD
248-702-0288
1819 W Tennessee St
Tallahassee, FL 32304
Chapel Ridge
HIGHLIGHTS
- Long-Term Occupancy Since 2001; 24 Years at Location | CVS Committed to a 10-Year Extension in 2022, Showing Strong Commitment to the Site
- Absolute NNN Lease | ZERO Landlord Responsibilities | Largest Pharmacy Chain in the U.S | S&P "BBB+"
- Top-Performing Location Nationwide | 88th Percentile via Placer.Ai | Top 89th Percentile in Florida | Top 3 out of 18 within a 50 Mile Radius | Midnig
- Prime University-Area Location – Directly Adjacent to Florida State University (FSU), with Over 45,000 Students Enrolled
- High Traffic Corridor – Located on W Tennessee St (55,500+ VPD), One of Tallahassee’s Busiest Commercial Arteries
- Strong Real Estate Fundamentals – Urban Infill Site With Limited Nearby Competition and Long-Term Redevelopment Potential
FOR SALE DETAILS
PRICE
$3,294,817 USD
PRICE/SF
$319 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS - Midnight Store
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
26
LAND DETAILS
LAND ACRES
1.63 AC
LAND SF
71,003 SF
ZONING
CP
APN/PARCEL ID
21-34-81-000-218.0
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
