5711 Blountstown Hwy - Service Station FOR SALE
Tallahassee, FL 32310 |
5711 Blountstown Hwy
Tallahassee, FL 32310
HIGHLIGHTS
- 6-PUMP SHELL STATION WITH SIGNATURE CSTORE 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!
- 7.0% CAP RATE IN 2023! 7.5% CAP RATE IN 2029! 8.3% CAP RATE IN 2034! 9% CAP RATE IN 2039! 10.0% CAP RATE IN 2043!
- RECENT SITE RENOVATIONS INCLUDE NEW HVAC, NEW ROOF, NEW TANKS, NEW PUMPS, NEW CANOPY, NEW SIGNAGE, AND NEW SHELL SIGNATURE C-STORE!
- STRONG TENANT IN PLACE WITH OVER 35 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
New Tallahassee Shell Station For Sale!
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
2750
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
11
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
21-31-20-624-000.0
