5648 Blountstown Hwy - Service Station FOR SALE
Tallahassee, FL 32304 |
5648 Blountstown Hwy
Tallahassee, FL 32304
HIGHLIGHTS
- BRAND NEW 6- PUMP BP STATION WITH BP-TO-GO SIGNATURE STORE IN THE HEART OF TALLAHASSEE, FL!
- 10% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE. 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS!
- 7.14% CAP RATE IN 2024! 8% CAP RATE IN 2029! 9% CAP RATE IN 2034! 10% CAP RATE IN 2039! 10.5% CAP RATE IN 2044!
- RECENT SITE RENOVATIONS INCLUDE NEW HVAC, ROOF, NEW TANKS, NEW PUMPS, NEW CANOPY, NEW SIGNAGE, AND NEW BPTO-GO INSIDE STORE!
- STRONG TENANT IN PLACE WITH OVER 35 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
- 20-YEAR PURE NNN LEASE IN PLACE WITH RENTAL BUMPS!
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
7.14% CAP RATE-BP GAS STATION IN TALLAHASSEE!
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Storefront
TOTAL BUILDING SIZE
2532
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
21-31-20-616-000.0
