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2370-2380 Capital Cir NE
4,200 SF of Retail Space Available in Tallahassee, FL 32308
Highlights
- FOR SALE: $985,000 @ 6.8% cap rate, corner lot, dedicated turn lane, 57K+ daily traffic, 241' frontage. Equity exchange investment
Space Availability (1)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor, Ste 2378-80 | 4,200 SF | 10 ft | 3-5 Years | £12.51 /SF/PA £1.04 /SF/MO £134.61 /m²/PA £11.22 /m²/MO £52,524 /PA £4,377 /MO | Triple Net |
2370-2380 Capital Cir NE - 1st Floor - Ste 2378-80
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Corner Space
- High Ceilings
- Drop Ceilings
- Finished Ceilings: 10 ft
- End-cap retail storefront opportunity.
- Prominent and pylon signage opportunity.
- High visibility: passed by 53,700 daily drivers.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 2370-2380 Capital Cir NE , Tallahassee, FL 32308
| Centre Type | Strip Center | Frontage | 141 ft on Capital Circle N.E. |
| Parking | 35 Spaces | Gross Leasable Area | 9,240 SF |
| Stores | 6 | Total Land Area | 1.08 AC |
| Centre Properties | 1 | Year Built | 1985 |
| Centre Type | Strip Center |
| Parking | 35 Spaces |
| Stores | 6 |
| Centre Properties | 1 |
| Frontage | 141 ft on Capital Circle N.E. |
| Gross Leasable Area | 9,240 SF |
| Total Land Area | 1.08 AC |
| Year Built | 1985 |
About the Property
Highly visible property located in affluent northeast quadrant of Leon County Florida. Situated just one and one-quarter miles south of Interstate 10 and four miles northeast of downtown Tallahassee. The Strip Center offers incredible visibility on one of the best retail corridors in Tallahassee, consisting of six storefront units, 1,500 +/- SF each and 141 feet of frontage, facing the six-lane Capital Circle N.E. with over 57,000 daily traffic. Located between large national and regional tenants including Lowe's, Home Depot, and Publix. The entire building can be used for a wide variety of single credit tenants and businesses with 1.08 flat acres, all utilities, storm water drainage, and grade-level roll up doors at the rear of the property for easy deliveries and ample parking. Property is adjacent to a retail development plaza, near a 600 acre residential community, and HCA Florida Capital Hospital. Pylon Sign.
- Bus Route
- Pylon Sign
- Air Conditioning
Nearby Major Retailers
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JB Dehkordi -
JB Dehkordi Realty
Presented by
2370-2380 Capital Cir NE
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