3197 Merchants Row Blvd - Department Store FOR SALE
Tallahassee, FL 32311 |
3197 Merchants Row Blvd
Tallahassee, FL 32311
HIGHLIGHTS
- The Asset: Southwood Town Center is a Multi-Tenant Retailer Center, Comprised of Two (2) Buildings With 32,590 SF of Leasable Space
- Scheduled Rent Increases: Five of the Leases Provide Scheduled Rent Increases Throughout the Primary Lease Term or at the Start of the Renewal Options
- Net Leases: All the Tenants Have Net Leases and Are Responsible For Reimbursing Their Pro-Rata Share of All Operating Expenses
- Strong University Presence: Tallahassee is Home to Florida State University (FSU), Florida A&M University (FAMU), and Tallahassee State College
- Area Economic Drivers: The Economy of Tallahassee is Centered Around Government, Education, Healthcare, and Technology
- Strong Demographics: Approximately 23,900 People Live Within 3-Miles of the Property With an Average HHI of $96,307
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Southwood Town Center - Tallahassee, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Supermarket
TOTAL BUILDING SIZE
32590
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
220
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
31-15-27-00E-001.0
