2345 Apalachee Pky - Freestanding FOR SALE


Tallahassee, FL 32301- Old Saint Augustine
$3,200,000 USD
850-510-7864
2345 Apalachee Pky, Tallahassee, FL for Sale
$3,200,000 USD
Freestanding - FOR SALE
1/13
null | Request Cap Rate

2345 Apalachee Pky
Tallahassee, FL 32301
Old Saint Augustine


HIGHLIGHTS

  • Excellent Stabilized Asset & Investment
  • Double Net Lease
  • 10% Rental Increases Every 5 Years
  • Prime Retail Location – Former Staples
  • Four – 5 Year Options
  • 1 Dock Height & 3 Grade Level Roll Up Doors

OVERVIEW

This Single-Tenant income producing property, which is leased by Gerber Collision & Glass, is very well maintained, and strategically located at 2345 Apalachee Pkwy, in Tallahassee, Florida. The property, which was formerly a Staples, was renovated in 2018, and converted into a state-of-the-art collision center. The collision center is approximately 26,000 SF, and sits on 3.44 acres of prime commercial real estate. The property is zoned Commercial Parkway, and located on one of Tallahassee’s major thoroughfares. There are approximately 950 Gerber Collision & Glass locations in the United States and Canada; which makes them, one of the two largest body shops in the country. This is a Double Net Lease, with four, 5-year renewal options, and 10% rental increases every 5 years. PLEASE EXECUTE THE CONFIDENTIALITY AGREEMENT, SO WE CAN EMAIL YOU THE OFFERING MEMORANDUM!!

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant Lease Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,846 SF

ZONING

CP - Commercial Parkway

APN/PARCEL ID

31-04-20-222-000.0

ASK ABOUT THIS PROPERTY

Peter GonzalezNAI TALCORMore Info
850-510-7864

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Peter GonzalezNAI TALCORMore Info
850-510-7864

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