3510 North Monroe Street, Tallahassee, FL, USA

Tallahassee, Florida

Google Map

Total Square Feet

±23,625

Asking Price

$3,166,667

NOI

$190,000

The property is currently leased on an NN+ lease, requiring minimal landlord responsibilities, with 10 years of term remaining
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, providing protection against inflation
The property is located in Florida, a state with no state income tax
The asset is located on the westside of N Monroe St, a primary north-south thoroughfare in Tallahassee with an AADT of 32,500
This location is the only hardware store in a 2.5-mile radius and located just 10-minutes from Florida State University (43,234 students enrolled), bringing daytime traffic to the area