RIPCO Real Estate is pleased to offer for sale 3510 N Monroe Street, a 23,625 SF commercial property located on the westside of N Monroe Street in Tallahassee, FL. The property recently underwent significant renovations, converting an old thrift store into a two-story Ace Hardware. Ace Hardware is signing a brand new 10-year NN+ lease that includes two (2) 5-year options to extend. The initial term and option periods include +10% rental increases every 5 years, providing protection against inflation. This stretch of N Monroe St where the property is located has an AADT of 32,500. Within 3 miles of 3510 N Monroe St, there is a population of 55,690 and an average household income of $76,646. The asset would be an attractive investment opportunity for investors looking for minimal landlord responsibilities, a strong national brand, a long term lease providing stable cash flow, located in Florida, a state with no state income tax, and located 1 mile from Tallahassee’s primary interstate I-10, the 4th longest interstate in the country (2,460.34 miles).