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1471 Timberlane Rd
Tallahassee, FL 32312

PRIME MERIDIAN BANK | LONG TERM ABS NET LEASE · Retail Property For Sale

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
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

  • Listing ID: 18713747

  • Date on Market: 3/2/2020

  • Last Updated:

  • Address: 1471 Timberlane Rd, Tallahassee, FL 32312