3808 N Monroe St - Retail FOR SALE


Tallahassee, FL 32303
$1,100,000 USD
850-508-4242
3808 N Monroe St, Tallahassee, FL for Sale
$1,100,000 USD
Retail - FOR SALE
1/8
null | Request Cap Rate

3808 N Monroe St
Tallahassee, FL 32303


HIGHLIGHTS

  • Minutes from I-10 interchange.
  • 100% occupancy with NNN leases way below market rent.
  • Strong rental income potential.
  • Well-maintained property with high visibility and foot traffic.

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-tenant building for sale

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,965 SF

ZONING

-

APN/PARCEL ID

21-09-51-329-119-1

ASK ABOUT THIS PROPERTY

Al RussellPremier Commercial GroupMore Info
850-508-4242

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Al RussellPremier Commercial GroupMore Info
850-508-4242

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