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Corporate Avis-Budget 3108 W Tennessee St 820 SF Retail Building Tallahassee, FL 32304 $1,863,778 CAD ($2,272.90 CAD/SF) 6.15% Cap Rate
Investment Highlights
- Low Price Point | Corporate Avis-Budget Lease | Tax-Free, Tallahassee Real Estate.
- Proximity to Downtown Tallahassee & Florida State University | Home to Over 44,300 Students and 15,000 Faculty & Staff.
- More Than ~131,000 residents within within a 5-mile radius | Robust Demographic Profile Prime for Highest and Best Use as Auto-Rental
Executive Summary
CBRE is pleased to present the exclusive listing of a freestanding Avis-Budget located at 3108 W Tennessee St, in Tallahassee, Florida. The site consists of 820 rentable square feet of building space and sits on a 0.60-acre parcel of land. The current base rent is $82,000, and the lease calls for 2.50% annual rental escalations during the base term and through the two (2), five-year renewal option periods.
The property is located on a major arterial road within a well-established retail corridor, surrounded by national and regional tenants including Publix, Home Depot, Aldi, Walgreens, Dollar General, and Target, along with several shopping centers and hospitality businesses. Its proximity to Florida State University, Florida A&M University, and Tallahassee State College contributes to steady traffic from nearby residential neighborhoods and student populations, supporting consistent activity in the area.
The property is located on a major arterial road within a well-established retail corridor, surrounded by national and regional tenants including Publix, Home Depot, Aldi, Walgreens, Dollar General, and Target, along with several shopping centers and hospitality businesses. Its proximity to Florida State University, Florida A&M University, and Tallahassee State College contributes to steady traffic from nearby residential neighborhoods and student populations, supporting consistent activity in the area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
820 SF
Building Class
B
Year Built/Renovated
1991/2023
Price
$1,863,778 CAD
Price Per SF
$2,272.90 CAD
Cap Rate
6.15%
NOI
$114,622 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.60 AC
Zoning
CP - Commercial
Parking
14 Spaces (17.07 Spaces per 1,000 SF Leased)
Frontage
151’ on W Tennessee St
Amenities
- Pylon Sign
Nearby Major Retailers
1 of 6
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Corporate Avis-Budget | 3108 W Tennessee St
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