3233 West Cypress Street, Tampa, FL, USA

Tallahassee, Florida

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Total Square Feet

±4,432 SF

Asking Price

$2,080,000

NOI

$124,800

The property is currently leased on an Absolute NNN lease, requiring minimal landlord responsibilities, with 10 years of term remaining
The lease includes 15% rental increases every 5 years including the 10-year option period, providing protection against inflation
The property is located in Florida, a state with no state income tax
Approximately 1,000 new homes are underway immediately behind the site, utilizing Rhea road, immediately adjacent with designated access to the plaza, as an access road, strengthening local density and demand for restaurants in the immediate trade area
$164,478 average household income within a 3-mile radius