3510 N Monroe St - Freestanding FOR SALE


Tallahassee, FL 32303- Lake Jackson
$3,100,000 USD
850-545-2282
3510 N Monroe St, Tallahassee, FL for Sale
$3,100,000 USD
Freestanding - FOR SALE
1/8
null | 6.13% Cap Rate

3510 N Monroe St
Tallahassee, FL 32303
Lake Jackson


HIGHLIGHTS

  • Sale/leaseback with Ace Hardware, one of the nation’s largest hardware brands
  • 9 years remaining with 10% rent bumps every 5 years + three 5-year renewal options
  • Lease with established local franchisee serving Lake Jackson for 15+ years
  • Landlord responsible for roof and structure
  • Prime location on North Monroe Street, Tallahassee’s primary retail corridor with strong traffic and retail synergy

OVERVIEW

Premier opportunity to acquire a stable, income-producing retail asset at 3510 N Monroe Street in Tallahassee, Florida, offered as a sale/leaseback with Ace Hardware, one of the nation’s largest and most recognized hardware retailers. The property is secured by a long-term lease with approximately 9 years remaining, featuring 10% rent increases every 5 years and three (3) five-year renewal options, providing predictable cash flow and built-in income growth. The landlord is responsible for roof and structure, offering a clearly defined responsibility structure. While Ace Hardware is a national brand, the lease is with a long-standing local franchisee, not corporate. This location has served the Lake Jackson community for over 15 years, demonstrating strong tenant stability and local market presence. Located along North Monroe Street, a primary Tallahassee retail corridor, the site benefits from strong traffic counts, established retail synergy, and consistent consumer demand. This offering is ideal for investors seeking durable tenancy, long-term income stability, and exposure to a proven national retailer in a growing Florida market.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ace Hardware

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C-2

APN/PARCEL ID

21-10-51-368-140.0,21-10-51-368-147.0

ASK ABOUT THIS PROPERTY

Tracy WatersPremier Commercial GroupMore Info
850-545-2282

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Tracy WatersPremier Commercial GroupMore Info
850-545-2282

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