MARKET SQUARE RETAIL CENTER | NNN LEASES | 1415 Timberlane Rd
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MARKET SQUARE RETAIL CENTER | NNN LEASES 1415 Timberlane Rd
81,082 SF 100% Leased Retail Building Tallahassee, FL 32312 $31,800,000 ($392/SF) 8% Cap Rate
Investment Highlights
- REI Anchored Shopping Center with Synergistic Mix of Regional and National Tenants.
- Market Square will be the Prime Location for Retail, Dining and Entertainment.
- Densely Populated Affluent Area: Average Household Income of $100k+ w/in a 3-Mile Radius and over 123k People Residing w/in a 5-Mile Radius.
- The Center is Conveniently Located in the Frequented “Market Street District” of Tallahassee Which Boasts a Premiere Regional Presence.
- Existing Center Underwent complete Re-development Plus New Building Construction for REI & Connors Each occupied tenant during re-development.
- This Center is in the Strongest Demographic Area of the Tallahassee Market With Excellent Ease of Access and Visibility.
Executive Summary
NNN Leases | Newly Renovated | Within the High-Traffic Market Street District of Tallahassee | Strong Demographics - Densely Populated & Affluent Area | Near Florida State University
Florida Broker of Record: Ryan Nee | License: # BK3154667 | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
Florida Broker of Record: Ryan Nee | License: # BK3154667 | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
81,082 SF
Building Class
B
Year Built
2022
Price
$31,800,000
Price Per SF
$392
Cap Rate
8%
NOI
$2,544,295
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Land Acres
10.48 AC
Zoning
AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- REI
- Retailer
- 81,082 SF
- -
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| REI | Retailer | 81,082 SF | - | Triple Net | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11-08-51-004-040.0 | Improvements Assessment | $6,848,420 |
| Land Assessment | $3,309,690 | Total Assessment | $10,158,110 |
PROPERTY TAXES
Parcel Number
11-08-51-004-040.0
Land Assessment
$3,309,690
Improvements Assessment
$6,848,420
Total Assessment
$10,158,110
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Power Broker Alvin Mansour -
Jon Talia -
The Mansour Group of Marcus & Millichap
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MARKET SQUARE RETAIL CENTER | NNN LEASES | 1415 Timberlane Rd
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