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FL CVS | $18M+ Sales | Percentage Rent 1300 Apalachee Pky 14,963 SF Retail Building Tallahassee, FL 32301 $7,764,946 CAD ($518.94 CAD/SF) 6% Cap Rate

Drug Stores Florida Tallahassee 1300 Apalachee Pky, Tallahassee, FL 32301

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Investment Highlights

  • CVS reports sales above $18 million at this location with the landlord receiving additional percentage rent.
  • CVS's hours at this location are from 7 AM until Midnight, 7 days a week.
  • 1.5 miles south of Tallahassee Memorial Healthcare Hospital (772 Beds).
  • Located on the corner of Magnolia Drive & Apalachee Parkway with combined traffic counts of 59,500 VPD.
  • 172,745 residents within a 5-mile radius.

Executive Summary

Listed in conjunction with Brian Brockman, Bang Realty - Naples, Inc, 513-898-1551, wg@bangrealty.com, FL DRE Lic. BK3327646.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,963 SF
Building Class
B
Year Built
1999
Price
$7,764,946 CAD
Price Per SF
$518.94 CAD
Cap Rate
6%
NOI
$465,897 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.84 AC
Zoning
AC
Parking
47 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
131’ on Apalachee

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

Links

1 1
Walk Score®
Very Walkable (70)
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Nearby Major Retailers

Checkers
Applebee's
Chicken Salad Chick
Sarku Japan
Cajun Cafe
Olive Garden
Five Star Pizza
Pure Barre
Renasant Bank
Charles Schwab

Property Taxes

Parcel Number 11-31-20-406-000.0 Improvements Assessment $2,122,847 CAD
Land Assessment $1,100,010 CAD Total Assessment $3,222,857 CAD

Property Taxes

Parcel Number
11-31-20-406-000.0
Land Assessment
$1,100,010 CAD
Improvements Assessment
$2,122,847 CAD
Total Assessment
$3,222,857 CAD
(619) 297-0055 x302

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 39573753

  • Date on Market: 2026-02-25

  • Last Updated:

  • Address: 1300 Apalachee Pky, Tallahassee, FL 32301

The Governors Square Retail Property at 1300 Apalachee Pky, Tallahassee, FL 32301 is currently available. Contact Pharma Property Group- Drugstore Specialists for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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FL CVS | $18M+ Sales | Percentage Rent | 1300 Apalachee Pky
(619) 297-0055 x 302

FL CVS | $18M+ Sales | Percentage Rent | 1300 Apalachee Pky

Jason Pongsrikul
(619) 297-0055 x302

Chris Barry
(619) 297-0055 x305

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