2828 N Monroe St - Fast Food FOR SALE


Tallahassee, FL 32303- Northwest Tallahassee
$3,294,000 USD
407-808-1657
2828 N Monroe St, Tallahassee, FL for Sale
$3,294,000 USD
Fast Food - FOR SALE
1/8
null | 5.2% Cap Rate

2828 N Monroe St
Tallahassee, FL 32303
Northwest Tallahassee


HIGHLIGHTS

  • 20-Year absolute NNN lease with 19 years remaining
  • 1.5% annual rent escalations starting year 7
  • Located immediately off Interstate 10 and directly on U.S. Highway 27 at a signalized intersection offering excellent access and exposure.
  • Heavy traffic counts along Interstate 10 (71,500 AADT) and along U.S. Highway 27 (43,500 AADT)
  • Strong population counts of over 87,800 people within 3-miles and nearly 160,000 within 5-miles

OVERVIEW

CBRE is pleased to present this absolute NNN Kentucky Fried Chicken located just off Interstate 10 at a signalized intersection in Tallahassee, Florida. This 20-year lease commenced in October of 2024 and currently has 19-years remaining with 1.5% annual rent escalations starting at year 7. Located directly on U.S. Highway 27, the primary thoroughfare that runs through the City of Tallahassee, this location benefits from heavy traffic counts, excellent access, visibility and being in close proximity to several major retail centers.

FOR SALE DETAILS

PRICE

$3,294,000 USD

PRICE/SF

$1,248 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC Tallahassee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,086 SF

ZONING

CP

APN/PARCEL ID

21-14-51-000-032.0

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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

Ray RomanoCBRE, Inc.More Info
407-808-1657

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