3112 W Tennessee St - Auto Repair FOR SALE
Tallahassee, FL 32304 |
3112 W Tennessee St
Tallahassee, FL 32304
HIGHLIGHTS
- Below-Market In-Place Rent with Value-Add Potential – NAPA Auto Parts is currently paying $9.99 per square foot
- Strategic Automotive Corridor Location – Positioned within a high-traffic trade area surrounded by major national automotive dealerships
- Flexible Re-Tenanting Opportunity: No remaining options allow future ownership to re-tenant or occupy the space and capture rent upside.
- Creditworthy National Tenant: Leased to NAPA Auto Parts, a subsidiary of Genuine Parts Company (NYSE: GPC) with investment-grade credit
- Long-Term Tenancy: NAPA has occupied the site since 2002, demonstrating strong operational stability and commitment through multiple renewals
- Rare Offering: First time on the market in 20 years, giving investors a unique chance to acquire a seasoned, income-producing asset
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Napa Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
5460
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
21-29-20-036-000.0
