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CORPORATE AVIS/BUDGET (NNN)- NO LANDLORD RESP 3108 W Tennessee St

820 SF Retail Building Tallahassee, FL 32304 $1,497,000 ($1,826/SF) 5.48% Cap Rate

Investment Highlights

  • Corporate Lease, Tenant Responsible for Roof & Structure
  • Strategically located with great visibility and frontage on W Tennessee St.
  • Fully renovated 2024
  • Prime investment opportunity

Executive Summary

Premier Commercial Group is delighted to introduce 3108 W Tennessee St. in Tallahassee, FL. This recently renovated, standalone building boasts 6 years remaining of a 7-year NNN lease with the esteemed national tenant, Avis & Budget Rent a Car, ensuring a consistent stream of revenue. Strategically positioned along the primary thoroughfare for automotive dealerships in Tallahassee, the property enjoys unparalleled visibility with its frontage on W Tennessee St. Furthermore, it is seamlessly integrated into a vibrant commercial landscape, surrounded by numerous national chains and local businesses, accentuating its prime location and investment potential.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
820 SF
Building Class
B
Year Built/Renovated
1991/2024
Price
$1,497,000
Price Per SF
$1,826
Cap Rate
5.48%
NOI
$82,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.60 AC
Zoning
CP
Parking
14 Spaces (17.07 Spaces per 1,000 SF Leased)
Frontage
151 FT on W Tennessee St

Amenities

  • Pylon Sign
  • Listing ID: 32381199

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 3108 W Tennessee St, Tallahassee, FL 32304

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