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Varsity Shopping Center 1833-1861 W Tennessee St 2,442 - 8,442 SF of 4-Star Retail Space Available in Tallahassee, FL 32304
Highlights
- 2nd-Generation Restaurant Opportunity at Varsity Plaza
- Tenants Include: Target, CAVA, Raising Cane's, Jeremiah's Italian Ice, and more
- High-Traffic Location on W. Tennessee Street (+ 47,000 AADT)
- Existing Hood, Grease Trap & Walk-In Cooler in Place
- Over 67,000 Students within a 3-mile radius
- Ideal for QSR, Fast-Casual, or Restaurant Concepts
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 240 | 2,442 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste Building C | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 240
High-Traffic Location on W. Tennessee Street (+ 47,000 AADT) Surrounded by Student Housing & National Retailers Strong Daily Traffic & Easy Access Strong Co-Tenancy including Target, CVS, Raising Cane’s, CAVA, Starbucks, Keke’s Breakfast Café, Jerimiah’s Italian Ice and more… Minutes from Florida State University serving a strong daily customer base Excellent Visibility & Signalized Access Ideal for QSR, Fast-Casual, or Restaurant Concepts
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
1st Floor, Ste Building C
Varsity Plaza is located on West Tennessee Street just 1.3 miles west of Florida State University.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Varsity Shopping Center
- Tenant
- Description
- US Locations
- Reach
- Jeramiah's
- Retailer
- 1
- -
- keke's breakfast cafe
- Restaurant
- 92
- Regional
- Starbucks
- Coffee
- 21,633
- International
- Synovus Bank
- Bank
- 365
- Regional
- Target
- Dept Store
- 2,395
- International
- Vale Food Co
- Restaurant
- 9
- Local
| Tenant | Description | US Locations | Reach |
| Jeramiah's | Retailer | 1 | - |
| keke's breakfast cafe | Restaurant | 92 | Regional |
| Starbucks | Coffee | 21,633 | International |
| Synovus Bank | Bank | 365 | Regional |
| Target | Dept Store | 2,395 | International |
| Vale Food Co | Restaurant | 9 | Local |
Property Facts
| Total Space Available | 8,442 SF | Total Land Area | 43.00 AC |
| Property Type | Retail | Year Built/Renovated | 2018/2020 |
| Property Subtype | Storefront | Parking Ratio | 4.35/1,000 SF |
| Gross Leasable Area | 69,000 SF |
| Total Space Available | 8,442 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 69,000 SF |
| Total Land Area | 43.00 AC |
| Year Built/Renovated | 2018/2020 |
| Parking Ratio | 4.35/1,000 SF |
About the Property
Located on busy W. Tennessee Street & High Road Intersection. Property is in the community servicing FSU, TCC and FAMU.
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
Presented by
Varsity Shopping Center | 1833-1861 W Tennessee St
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