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Building #4 2314 NE Capital Cir 4,126 SF Vacant Retail Building Tallahassee, FL 32308 $4,711,628 CAD ($1,141.94 CAD/SF) 6.05% Cap Rate
Investment Highlights
- Brand-new 4,126 SF, 2-tenant retail building
- 1,326 SF end-cap drive-thru — vacant with lease-up upside
- Located in national-brand plaza (Dunkin’, Smoothie King, CubeSmart)
- Smile Doctors corporate lease — 10-year NNN. Billion-dollar+ national orthodontics platform
- Immediate NOI and cap rate upside upon lease-up
- Capital Circle NE (~60,000 VPD) — dominant retail corridor
Executive Summary
Panhandle. The property is anchored by Smile Doctors (Fishbein Orthodontics), a billion-dollar+ national orthodontics platform, secured by a 10-year corporate NNN lease at $117,600 annually, with store opening scheduled for April 2026.
The asset includes a 1,326 SF vacant end-cap drive-thru, offering immediate value-add potential. The end cap is being marketed at a discounted pro forma rent of $90,000 NNN, providing an opportunity for a new owner to lease at higher market rates and capture instant NOI and cap rate upside.
Located within a new retail plaza featuring Dunkin’, Smoothie King, CubeSmart, and other national brands, and in close proximity to Canopy, Fallschase, I-10, hotels, and major grocers, the property benefits from strong daily traffic and long-term retail demand.
**The end cap has attracted interest from a regional chicken franchise, offering potential tenancy while still allowing the buyer flexibility in determining the final occupant
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Capital Hill Plaza is a vibrant and thriving ecosystem, boasting renowned national brands such as Dunkin Donuts, Smoothie King, Avis/Budget Car Rental, HTEAO, and more. As we unveil Building 4, our mission is clear: to deliver a retail center that not only caters to the 60,000+ vehicles per day on Capital Circle NE but also sets a new standard for success in the North Florida Retail market. We extend a warm invitation to your esteemed brand to join this prestigious space, strategically designed for optimal performance and fortified by the presence of industry-leading brands. Positioned in the heart of Tallahassee, the capital of Florida, this location offers unparalleled resources, robust incomes, and a plethora of opportunities for businesses looking to expand or establish their inaugural site. With a profound understanding of real estate dynamics, construction development intricacies, and business acumen, we are poised to guide your brand towards unparalleled success in this dynamic and flourishing market. Let us collaborate to elevate your brand's presence and profitability in this prime retail destination.)
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200-4,126 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 1,200-4,126 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 1,200-4,126 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Capital Hill Plaza is a vibrant and thriving ecosystem, boasting renowned national brands such as Dunkin Donuts, Smoothie King, Avis/Budget Car Rental, HTEAO, and more. As we unveil Building 4, our mission is clear: to deliver a retail center that not only caters to the 60,000+ vehicles per day on Capital Circle NE but also sets a new standard for success in the North Florida Retail market. We extend a warm invitation to your esteemed brand to join this prestigious space, strategically designed for optimal performance and fortified by the presence of industry-leading brands. Positioned in the heart of Tallahassee, the capital of Florida, this location offers unparalleled resources, robust incomes, and a plethora of opportunities for businesses looking to expand or establish their inaugural site. With a profound understanding of real estate dynamics, construction development intricacies, and business acumen, we are poised to guide your brand towards unparalleled success in this dynamic and flourishing market. Let us collaborate to elevate your brand's presence and profitability in this prime retail destination.)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-16-50-000-004.0 | Improvements Assessment | $0 CAD |
| Land Assessment | $130,116 CAD | Total Assessment | $130,116 CAD |
Property Taxes
Presented by
Building #4 | 2314 NE Capital Cir
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