2171 Crawfordville Hwy - Retail FOR SALE


Crawfordville, FL 32327- Leon Wakulla
$2,490,000 USD
850-848-3719
2171 Crawfordville Hwy, Crawfordville, FL for Sale
$2,490,000 USD
Retail - FOR SALE
1/17
null | 5.42% Cap Rate

2171 Crawfordville Hwy
Crawfordville, FL 32327
Leon Wakulla


HIGHLIGHTS

  • Along the city-bound side of US Highway 319, the site is between a new Publix-anchored plaza and Walmart Supercenter, capturing prime retail traffic.
  • Long-term leases are secured by nationally recognized tenants, Firehouse Subs and Dunkin', demonstrating strong performance and creditworthiness.
  • FDOT-approved access with a dedicated turning lane off Crawford Highway ensures convenient ingress and egress, supporting consistent traffic flow.
  • Ample on-site parking accommodates customers, employees, and vendors, supporting high-volume, quick-service restaurant operations.
  • New construction delivers long-term durability, low-maintenance systems, and reduced capital expenditure risk for investors.

OVERVIEW

Crawfordville Crossings at 2165 Crawfordville Highway presents a compelling absolute NNN investment opportunity in Crawfordville, the commercial epicenter of Wakulla County within the rapidly expanding Greater Tallahassee market. Newly constructed, this retail asset features two nationally recognized quick-service restaurant (QSR) brands, Firehouse Subs and Dunkin', operating under long-term franchisee leases. Investors benefit from a true absolute NNN structure with no landlord responsibilities, providing predictable passive income and operational simplicity. The 10-year lease term extends through September 2035 and includes 10% rental increases every five years, enhancing long-term income growth and inflation protection. The current net operating income (NOI) is $135,000 annually, supported by strong tenant performance that exceeds expectations and positions the asset for future renewals. The site is situated for high-volume traffic and customer convenience, featuring 47 oversized parking spaces, a drive-thru configuration, and a rear retention pond. Construction is complete, and both tenants are fully operational, eliminating lease-up risk and delivering immediate stabilized cash flow. A first right of refusal is in place for the tenants, underscoring a long-term commitment to the location. Positioned along US Highway 319 with more than 300 feet of road frontage and traffic counts exceeding 17,500 vehicles per day (VPD), Crawfordville Crossings benefits from exceptional visibility and sustained growth driven by residential expansion, strong schools, and increasing regional and tourism traffic between Tallahassee and the Gulf Coast. Crawfordville Crossings offers investors a rare opportunity to acquire a stabilized, income-producing asset backed by nationally recognized brands in North Florida's fastest-growing submarket.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$755 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

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
850-848-3719

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Keillor DavisTutt Real Estate, LLCMore Info
850-848-3719

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