This Retail Property is no longer advertised on LoopNet.com.
1471 Timberlane Rd
Tallahassee, FL 32312
PRIME MERIDIAN BANK | LONG TERM ABS NET LEASE · Retail Property For Sale
![1471 Timberlane Rd, Tallahassee, FL for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/WtDoQG0lpP5TtXAG6vgNQ323QCXWw48gwBtzKsg65cI/110/1471-Timberlane-Rd-Tallahassee-FL-Primary-Photo-1-Large.png)
INVESTMENT HIGHLIGHTS
- Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- The Site is Located in a Prime Location Surrounded by Retail including Whole Foods, Trader Joe’s, Publix, CVS, Walgreens, Hobby Lobby and many more.
- Densely Populated Affluent Area: Average Household Income of $92k+ within a 3-Mile Radius and over 124k People Residing within a 5-Mile Raduis.
- Exceptional Annual Deposits Trending Up: $262+ Million. Deposits Increased 86% Since 2015. 56% Market Share in the 32312 Zip code.
- Within the Market Square (Under Development) Anchored by a Brand New Cinepolis Luxury Cinema and REI - Tallahassee’s Newest Lifestyle & Entertainment.
- Located just 4 Miles North of Florida State University (w/ an Enrollment of more than 58k Students, Faculty and Staff) & Florida A&M University.
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Freestanding
- General Retail Bank
- General Retail Storefront
- General Retail Storefront Retail/Office
Building Size
14,727 SF
Building Class
C
Year Built/Renovated
1982/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.62 AC
Parking
42 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
215 FT on Timberlane Rd
PROPERTY TAXES
Parcel Number | 11-08-51-005-052.0 | Improvements Assessment | $2,038,760 |
Land Assessment | $511,611 | Total Assessment | $2,550,371 |
Listing ID: 18713747
Date on Market: 3/2/2020
Last Updated:
Address: 1471 Timberlane Rd, Tallahassee, FL 32312
The Retail Property at 1471 Timberlane Rd, Tallahassee, FL 32312 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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