2165 Crawfordville Hwy Hwy - Retail FOR SALE


Crawfordville, FL 32327- Leon Wakulla
$2,490,000 USD
850-556-3434
2165 Crawfordville Hwy Hwy, Crawfordville, FL for Sale
$2,490,000 USD
Retail - FOR SALE
1/13
null | 5.42% Cap Rate

2165 Crawfordville Hwy Hwy
Crawfordville, FL 32327
Leon Wakulla


HIGHLIGHTS

  • Location well positioned on the going to town side between the two major shopping plazas of the New Publix and super Walmart drawing from Wakulla Cnty
  • Full FDOT access with turning lane on Hwy 319 (recently expanded)
  • Direct Visibility from Hwy in both directions
  • Ample parking for customers, employees, and vendors
  • Long term leases with National Tenants having proven creditability in North FL market area
  • New construction Masonry & Steel Structure, low maintenance systems

OVERVIEW

PRICE REDUCTION on This new construction retail property is a NNN Lease, 2 Tenant QSR with Drive Thru and 300 Ft Rd frontage. National brands, Firehouse Subs and Dunkin Donuts, with highly reputable franchisee operators are on long term leases within this center. Crawfordville is the epicenter of Wakulla County and the fast growing submarket of the Greater Tallahassee market area. With excellent school systems and lots of developable land for residential developers, the rooftops continue to expand exponentially each year for middle class families that live, work, and eat in the area. The local, regional, and tourism traffic continues to grow on Hwy 319 as the major thoroughfare which is being widened between Tally & the Gulf Coast is now boasting a traffic count of over 17,500 ADA. Tenant does have a first right of refusal on any sell transaction. Build out is complete, with Dunkin’ and Firehouse Subs well into operating. Each tenant is exceeding expected performance pointing towards expected renewals in the future. The current NOI on Leases are $135,000 (5.19% CAP Rate) with an initial term through 2035 with 10% rent increases every 5 years and 3 renewal options.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$755 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Crawfordville Crossings

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Keillor DavisTutt Real Estate LlcMore Info
850-556-3434

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Keillor DavisTutt Real Estate LlcMore Info
850-556-3434

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