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1212 N Monroe St 11,533 SF 100% Leased Retail Building Tallahassee, FL 32303 $4,486,350 CAD ($389.00 CAD/SF) 6.94% Cap Rate

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Investment Highlights

Adjacent to FedEx Office
Exterior paint and area lighting 2026

Major renovations in 2022

Executive Summary

Midtown Landing consists of a 11,743 NL-square-foot retail strip center located at 1212 & 1216 North Monroe Street, Tallahassee, Florida, 100% leased. The subject is situated on a 1.0 +/- acre parcel of land. The subject is further identified by Tax Parcel Numbers: 21-21-25-51-000-013-0 & 21-25-45-000-157-0 with strong frontage on North Monroe Street. Built in the 1950s with significant improvements completed in 2010, 2017 & 2022, and a recent exterior painting and exterior building lights upgrade. 45 parks with street parking to the west. Tenants include Brueggers Bagels, Planet 13, MDVIP, Hummingbird Wine Bar & Kitchen, with outdoor seating at the Wine Bar and Brueggers. Long-term leases with minimal Landlord responsibility. New Pricing includes new flat roof over Brueggers and new roof on the 1212 Building. Call Steve to show or for more information at 850-508-4105.

1212_1216_ExecutiveSummary

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

11,533 SF

Building Class

Year Built/Renovated

1946/2022

Price

$4,486,350 CAD

Price Per SF

$389.00 CAD

Cap Rate

6.94%

NOI

$311,336 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.29

Lot Size

0.92 AC

Zoning

CU-45 - The property is zoned Central Urban-45, located in Flood Zone X, and the reportidentifies no known adverse easements, no adverse

Parking

55 Spaces (4.77 Spaces per 1,000 SF Leased)

Frontage

156’ on N Monroe Street

Dedicated Turn Lane

Major Tenants

Retailer
2,657 SF
$27.56 CAD
Triple Net
Aug 2026

Bruegger’s Bagels is a subsidiary of Bagel Brands and was founded in 1983 in Troy, New York by Nordahl Brue and Mike Dressell. The company specializes in authentic New York-style kettle-boiled bagels, made-in-Vermont cream cheese, and a variety of breakfast and lunch sandwiches. Headquartered in Denver, Colorado under Bagel Brands, Bruegger’s operates approximately 240 locations across the United States. The brand emphasizes traditional bagel-making techniques, including kettle boiling and stone hearth baking, to maintain quality and authenticity. Bruegger’s Bagels offers catering services and has expanded its menu to include soups, salads, and specialty coffee beverages. The company is part of a portfolio that includes Einstein Bros. Bagels, Noah’s NY Bagels, and Manhattan Bagel, all under Bagel Brands, which is owned by JAB Holding Company.

Crush Wine Bar
Retailer
984 SF
$26.90 CAD
Triple Net
Apr 2030

Crush Wine Bar - Kitchen
Retailer
897 SF
$32.14 CAD
Triple Net
Sep 2033

Invein Infusion
Health Care and Social Assistance
825 SF
$32.14 CAD
Triple Net
Nov 2026

John MacKay MD
Health Care and Social Assistance
2,499 SF
$27.37 CAD
Triple Net
Dec 2030

Planet 13
Health Care and Social Assistance
1,417 SF
$30.66 CAD
Triple Net
Aug 2030

Synergy Personal Fittness
Services
2,183 SF
$16.86 CAD
Triple Net
Sep 2026

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
	Retailer	2,657 SF	$27.56 CAD	Triple Net	Aug 2026
Crush Wine Bar	Retailer	984 SF	$26.90 CAD	Triple Net	Apr 2030
Crush Wine Bar - Kitchen	Retailer	897 SF	$32.14 CAD	Triple Net	Sep 2033
Invein Infusion	Health Care and Social Assistance	825 SF	$32.14 CAD	Triple Net	Nov 2026
John MacKay MD	Health Care and Social Assistance	2,499 SF	$27.37 CAD	Triple Net	Dec 2030
Planet 13	Health Care and Social Assistance	1,417 SF	$30.66 CAD	Triple Net	Aug 2030
Synergy Personal Fittness	Services	2,183 SF	$16.86 CAD	Triple Net	Sep 2026