3108 W Tennessee St - Freestanding FOR SALE


Tallahassee, FL 32304- University
$1,400,832 USD
407-808-1657
3108 W Tennessee St, Tallahassee, FL for Sale
$1,400,832 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

3108 W Tennessee St
Tallahassee, FL 32304
University


HIGHLIGHTS

  • Low Price Point | Corporate Avis-Budget Lease | Tax-Free, Tallahassee Real Estate.
  • More Than ~131,000 residents within within a 5-mile radius | Robust Demographic Profile Prime for Highest and Best Use as Auto-Rental
  • Proximity to Downtown Tallahassee & Florida State University | Home to Over 44,300 Students and 15,000 Faculty & Staff.

OVERVIEW

CBRE is pleased to present the exclusive listing of a freestanding Avis-Budget located at 3108 W Tennessee St, in Tallahassee, Florida. The site consists of 820 rentable square feet of building space and sits on a 0.60-acre parcel of land. The current base rent is $82,000, and the lease calls for 2.50% annual rental escalations during the base term and through the two (2), five-year renewal option periods. The property is located on a major arterial road within a well-established retail corridor, surrounded by national and regional tenants including Publix, Home Depot, Aldi, Walgreens, Dollar General, and Target, along with several shopping centers and hospitality businesses. Its proximity to Florida State University, Florida A&M University, and Tallahassee State College contributes to steady traffic from nearby residential neighborhoods and student populations, supporting consistent activity in the area.

FOR SALE DETAILS

PRICE

$1,400,832 USD

PRICE/SF

$1,708 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Avis-Budget

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

CP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

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

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

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