2314 NE Capital Cir - Freestanding FOR SALE


Tallahassee, FL 32308- Capital Circle
$3,431,405 USD
850-545-2282
2314 NE Capital Cir, Tallahassee, FL for Sale
$3,431,405 USD
Freestanding - FOR SALE
1/7
null | 6.05% Cap Rate

2314 NE Capital Cir
Tallahassee, FL 32308
Capital Circle


HIGHLIGHTS

  • Brand-new 4,126 SF, 2-tenant retail building
  • Smile Doctors corporate lease — 10-year NNN. Billion-dollar+ national orthodontics platform
  • 1,326 SF end-cap drive-thru — vacant with lease-up upside
  • Immediate NOI and cap rate upside upon lease-up
  • Located in national-brand plaza (Dunkin’, Smoothie King, CubeSmart)
  • Capital Circle NE (~60,000 VPD) — dominant retail corridor

OVERVIEW

Newly constructed 4,126 S,F two-tenant retail building located on Capital Circle NE in Tallahassee, one of the most heavily trafficked retail corridors in the Florida Panhandle. The property is anchored by Smile Doctors (Fishbein Orthodontics), a billion-dollar+ national orthodontics platform, secured by a 10-year corporate NNN lease at $117,600 annually, with store opening scheduled for April 2026. The asset includes a 1,326 SF vacant end-cap drive-thru, offering immediate value-add potential. The end cap is being marketed at a discounted pro forma rent of $90,000 NNN, providing an opportunity for a new owner to lease at higher market rates and capture instant NOI and cap rate upside. Located within a new retail plaza featuring Dunkin’, Smoothie King, CubeSmart, and other national brands, and in close proximity to Canopy, Fallschase, I-10, hotels, and major grocers, the property benefits from strong daily traffic and long-term retail demand. **The end cap has attracted interest from a regional chicken franchise, offering potential tenancy while still allowing the buyer flexibility in determining the final occupant

FOR SALE DETAILS

PRICE

$3,431,405 USD

PRICE/SF

$832 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building #4

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,240 SF

ZONING

PUD

APN/PARCEL ID

11-16-50-000-004.0

ASK ABOUT THIS PROPERTY

Tracy WatersPremier Commercial GroupMore Info
850-545-2282

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Tracy WatersPremier Commercial GroupMore Info
850-545-2282

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