3570 Apalachee Pky
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3570 Apalachee Pky
2,806 SF Retail Building Tallahassee, FL 32311 £1,686,593 (£601/SF) 6.50% Net Initial Yield
Executive Summary
World Renowned Brand – Burger King first opened in 1954 and now has 15,000+ locations in over 100 countries.
Absolute NNN Lease – The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities.
Experienced Operator – Consolidated Burger Holdings, a part of Consolidated Restaurant Group, is a multi-branded QSR operator with ±75 Burger King locations throughout Florida and Georgia. This benefits an investor by owning a property leased to an experienced tenant that understands the Florida market.
University Town – The subject property is located in proximity to Florida State University (FSU), home to ±44,597 students. FSU spans over 500 acres and has seen consistent enrollment numbers throughout the years, which benefits the investor owning real estate with a steady population. FSU consistently earns high rankings such as placing #10 in Niche’s 2025 report of Top Public Universities in America, as well as placing in the Top 25 among public universities in the latest U.S. News & World Report.
Synergistic Local Retail – the location is well located across the street from a Walmart Supercenter as well as accompanied with neighboring tenants such as Taco Bell, Take 5 Oil, Tire Kingdom, Ace Hardware, Anytime Fitness, Murphy USA, Waffle House, Centennial Bank, Dunkin’, and Advance Auto Parts.
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
Absolute NNN Lease – The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities.
Experienced Operator – Consolidated Burger Holdings, a part of Consolidated Restaurant Group, is a multi-branded QSR operator with ±75 Burger King locations throughout Florida and Georgia. This benefits an investor by owning a property leased to an experienced tenant that understands the Florida market.
University Town – The subject property is located in proximity to Florida State University (FSU), home to ±44,597 students. FSU spans over 500 acres and has seen consistent enrollment numbers throughout the years, which benefits the investor owning real estate with a steady population. FSU consistently earns high rankings such as placing #10 in Niche’s 2025 report of Top Public Universities in America, as well as placing in the Top 25 among public universities in the latest U.S. News & World Report.
Synergistic Local Retail – the location is well located across the street from a Walmart Supercenter as well as accompanied with neighboring tenants such as Taco Bell, Take 5 Oil, Tire Kingdom, Ace Hardware, Anytime Fitness, Murphy USA, Waffle House, Centennial Bank, Dunkin’, and Advance Auto Parts.
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,806 SF
Building Class
B
Year Built
2009
Price
£1,686,593
Price Per SF
£601
Net Initial Yield
6.50%
NOI
£109,629
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.99 AC
Zoning
CP
Parking
29 Spaces (10.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalised Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 31-03-36-000-002.0 | Improvements Assessment | £425,512 |
| Land Assessment | £205,462 | Total Assessment | £630,974 |
PROPERTY TAXES
Parcel Number
31-03-36-000-002.0
Land Assessment
£205,462
Improvements Assessment
£425,512
Total Assessment
£630,974
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3570 Apalachee Pky
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