Orleans at Midtown 1240 Thomasville Rd

1240 Thomasville Rd , Tallahassee, Florida, 32303 | 12,000 sq.f | $ 3,415,000

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About This Restaurant

Investment Highlights

Multi-Tenant Offering | 5-Tenant Lineup | Rental Increases | Options To Extend | Limited Landlord Responsibilities Strong Demographics 5-Mile Trade Area | Affluent 1-Mile | Downtown & Capitol Building | Population Growth Fronting Thomasville Road | Close Proximity - FSU & FAMU | Nearby Retailers

Executive Summary

2 Miles From FSU (40,000+ Students) & The Florida Capitol Building | High-Growth Area

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Retail
  • Building Size    12,000
  • Building Class    B
  • Year Built    2009
  • Price    3,415,000
  • Price Per SF    285
  • Cap Rate    7
  • NOI    239,042
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    0.55
  • Land Acres    0.50 AC

Nearby Amenities & Transportation

Retail F45 Training, Inc.
Retail Orangetheory Fitness
Retail The Brass Tap
Retail Golden Corral
Retail Anytime Fitness
Retail Publix
Retail 9Round
Retail Whole Foods
Retail CAVA
Retail BurgerFi

Property Taxes

Parcel Number 21-25-51-000-001.0 Improvements Assessment $264,102
Land Assessment $706,706 Total Assessment $970,808
Date Created: 2024-07-16 04:13:33 Last Updated: 2024-07-16 04:13:33
Address: 1240 Thomasville Rd , Tallahassee, Florida, 32303