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Ace Hardware 3510 N Monroe St 22,908 SF 100% Leased Retail Building Tallahassee, FL 32303 $4,144,138 CAD ($180.90 CAD/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is currently leased on an NN+ lease, requiring minimal landlord responsibilities, with 10 years of term remaining
- The property is located in Florida, a state with no state income tax
- The center is located 1 mile north of I-10 (70,000 AADT), one of the largest interstates in the country, connecting Jacksonville to the California
- The lease includes two (2) 5-year options to extend with rare +3%. The initial term and option periods include +10% rental increases every 5 years
- The asset is located on the westside of N Monroe St, a primary north-south thoroughfare in Tallahassee with an AADT of 32,500
- 55,690 population within a 3-mile radius
EXECUTIVE SUMMARY
The asset would be an attractive investment opportunity for investors looking for minimal landlord responsibilities, a strong national brand, a long term lease providing
stable cash flow, located in Florida, a state with no state income tax, and located 1 mile from Tallahassee’s primary interstate I-10, the 4th longest interstate in the country
(2,460.34 miles).
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Mezzanine
- Security System
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Ace Hardware is customers' local hardware store and they are a part of their community. Ace Hardware has thousands of stores around the world with the majority of those stores independently owned and operated by local entrepreneurs. These hard working men and women are part of the fabric of their community. They are small business owners who are local and loyal... just like it ought to be. While others have become large and impersonal, at Ace, they've remained small and very personal. That's why they say a visit to Ace, is like a visit to their neighbor. Ace stores come in all sizes and shapes based on the needs of each individual neighborhood. They have small, urban stores, large rural stores and everything in between. Ace stores offer a wide variety of paint, lawn and garden, tools, local niche services and virtually anything customers will ever need to fix, repair and maintain their home.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $835,379 CAD | |
| Land Assessment | $395,217 CAD | Total Assessment | $1,230,596 CAD |
PROPERTY TAXES
Presented by
Ace Hardware | 3510 N Monroe St
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