REI ANCHORED SHOPPING CENTER | 100% LEASED 1415 Timberlane Rd

1415 Timberlane Rd , Tallahassee, Florida, 32312 | 71,782 sq.f | $ 30,488,279

Card image
Card image
Card image

About This Restaurant

Investment Highlights

100% Occupied REI Anchored Shopping Center with Synergistic Mix of Regional and National Tenants. Market Square will be the Prime Location for Retail, Dining and Entertainment. Densely Populated Affluent Area: Average Household Income of $100k+ w/in a 3-Mile Radius and over 123k People Residing w/in a 5-Mile Radius. The Center is Conveniently Located in the Frequented ?Market Street District? of Tallahassee Which Boasts a Premiere Regional Presence. Existing Center Underwent complete Re-development Plus New Building Construction for REI & Connors Each occupied tenant during re-development. This Center is in the Strongest Demographic Area of the Tallahassee Market With Excellent Ease of Access and Visibility.

Executive Summary

REI Anchored Shopping Center | Tallahassee | 100% Occupied NNN Leases | Newly Renovated | Within the High-Traffic Market Street District of Tallahassee | Strong Demographics - Densely Populated & Affluent Area | Near Florida State UniversityFlorida Broker of Record: Ryan Nee | License: # BK3154667 | Marcus & Millichap Real Estate Investment Services of Florida, Inc.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront General Retail Department Store Freestanding
  • Building Size    71,782
  • Building Class    B
  • Year Built    2022
  • Price    30,488,279
  • Price Per SF    425
  • Cap Rate    7.36
  • NOI    2,244,454
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.16
  • Land Acres    10.48 AC

Nearby Amenities & Transportation

Retail First Watch
Retail Bank of America
Retail TD Ameritrade
Retail Sonny's BBQ
Retail Chicken Salad Chick
Retail Waffle House
Retail Trader Joe's
Retail Pure Barre
Retail Hopdoddy Burger Bar
Retail McAlister's Deli

Property Taxes

Parcel Number 11-08-51-004-040.0 11-08-51-004-040.1 Improvements Assessment $3,309,683
Land Assessment $2,248,743 Total Assessment $5,558,426
Date Created: 2024-07-16 04:13:31 Last Updated: 2024-07-16 04:13:31
Address: 1415 Timberlane Rd , Tallahassee, Florida, 32312