1350 E Park Ave - Fast Food FOR SALE


Tallahassee, FL 32301- Governors Square
$2,880,000 USD
213-301-0653
1350 E Park Ave, Tallahassee, FL for Sale
$2,880,000 USD
Fast Food - FOR SALE
1/28
null | 5.8% Cap Rate

1350 E Park Ave
Tallahassee, FL 32301
Governors Square


HIGHLIGHTS

  • Long-term, NNN corporate Lease with 11 years remaining on the original term.
  • Exceptional building and site attributes with a large drive-thru, multiple access points and full ingress/ and egress to adjacent lots.
  • Net lease structure, fully passive investment with tenant assuming full financial responsibility for all expenses.
  • In the heart of Tallahassee, with an expanding economy reaching $20 billion in 2023.
  • Prime retail location, just off high-traffic intersection with a combined AADT of 60,500 vehicles.

OVERVIEW

Tachavirat Real Estate, as the exclusive advisor, is pleased to present 1350 East Park Avenue, a 3,887 SF freestanding building, single-tenant net-leased Corporate Bojangles on a 1.47 acre lot in Tallahassee, Florida, just 1.5 miles from the Florida State Capitol. This offering features a long-term corporate lease with 11 years remaining, guaranteed by Bojangles OPCO, LLC, the operating entity of Bojangles Restaurants, Inc., which owns 266 corporate locations and generates an average unit sales volume of $3.23 million. This fully passive investment places all financial responsibilities—including property taxes, insurance, repairs, and maintenance—on the tenant. Built in 2015, the property features a large drive-thru and multiple access points, ensuring smooth traffic flow. It also benefits from full ingress and egress to adjacent lots, enhancing convenience and connectivity. Strategically located just off a high-traffic intersection with a combined AADT of 60,500 vehicles, the site enjoys outstanding visibility and accessibility. Positioned in a thriving retail and employment corridor, it is 0.5 miles from 51 national and regional retailers, 0.6 miles from a super-regional shopping center with over 110 stores, and within a one-mile radius of 14,700 jobs. This prime asset offers a high-quality, stable investment in a high-growth market with strong tenant performance and superior market fundamentals.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$741 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Corporate Bojangles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

OR-3

APN/PARCEL ID

11-31-20-057-000.0

ASK ABOUT THIS PROPERTY

Poi YuTachavirat Real EstateMore Info
213-301-0653

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Poi YuTachavirat Real EstateMore Info
213-301-0653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.