Multi-tenant building for sale | 3808 N Monroe St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Multi-tenant building for sale 3808 N Monroe St
3,200 SF 100% Leased Retail Building Tallahassee, FL 32303 £731,669 (£229/SF)
INVESTMENT HIGHLIGHTS
- Minutes from I-10 interchange.
- Strong rental income potential.
- Both tenants have 20 year operating history at this plaza
- 100% occupancy with NNN leases way below market rent.
- Well-maintained property with high visibility and foot traffic.
EXECUTIVE SUMMARY
Premier Commercial Group proudly presents a prime investment opportunity in a hightraffic strip plaza located on 3808 N Monroe St. in Tallahassee, FL. This offering includes two fully leased units, currently occupied by well-established tenants: Papa John’s and Just One More.
Papa John’s has 2 years remaining on a NNN lease, providing stable income with minimal landlord responsibilities.
Just One More has 4 years left on its NNN lease, offering additional long-term security.
Both tenants are locked in at below-market rents, creating a significant opportunity for future rent growth. With no renewal options in place, investors have the potential to adjust leases to reflect current market conditions upon expiration. This is a fantastic opportunity for savvy investors seeking a steady return with upside potential in one of Tallahassee’s most active commercial areas. Don’t miss out on this chance to add a high-performing asset to your portfolio!
Papa John’s has 2 years remaining on a NNN lease, providing stable income with minimal landlord responsibilities.
Just One More has 4 years left on its NNN lease, offering additional long-term security.
Both tenants are locked in at below-market rents, creating a significant opportunity for future rent growth. With no renewal options in place, investors have the potential to adjust leases to reflect current market conditions upon expiration. This is a fantastic opportunity for savvy investors seeking a steady return with upside potential in one of Tallahassee’s most active commercial areas. Don’t miss out on this chance to add a high-performing asset to your portfolio!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,200 SF
Year Built
1997
Price
£731,669
Price Per SF
£229
Percent Leased
100%
Number of Floors
1
Building FAR
0.07
Lot Size
1.10 AC
Parking
14 Spaces (4.38 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-09-51-329-119-1 | Improvements Assessment | £153,275 |
| Land Assessment | £61,474 | Total Assessment | £214,749 |
PROPERTY TAXES
Parcel Number
21-09-51-329-119-1
Land Assessment
£61,474
Improvements Assessment
£153,275
Total Assessment
£214,749
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Multi-tenant building for sale | 3808 N Monroe St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.