Premier Commercial Group is pleased to present a rare investment opportunity consisting of three ground-leased parcels totaling ±5.39 acres across two adjacent properties in Tallahassee, Florida. Strategically located along Crossway Road, these lots are positioned within a growing commercial corridor that already includes high-traffic developments such as a brand-new Wawa gas station and Dollar General.
Each parcel is income-producing with existing tenants on long-term ground leases, offering stable cash flow and minimal landlord responsibilities. Two parcels are located at 687 Crossway Rd, while the third sits across the street at 674 Crossway Rd.
This offering is ideal for investors seeking passive income and long-term upside in a rapidly developing trade area of Florida’s capital city.
3 Fully Leased Parcels:
674 Crossway Rd | $2,600/mo | Lease through 12/31/2027 | NOI: $28,400
687 Crossway Lot 1 | $3,496.75/mo | Lease through 1/31/2028 | NOI: $36,141
687 Crossway Lot 2 | $22,000 annual | Lease through 12/31/2027 | NOI: $22,000