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