Red Owl & Mahan Plaza
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Red Owl & Mahan Plaza
2 Retail Properties Offered at $8,720,000 in Tallahassee, FL
Investment Highlights
- 29,055 SF (combined) modern retail plaza and free-standing building
- Prime location at a prominent Tallahassee intersection
- 18 fully occupied units, providing stable income
- Plaza renovated in 2023 with outparcel built in 2024, offering contemporary amenities
- Credit franchisee of a well-established national brand
- Ideal investment opportunity with 100% occupancy
Executive Summary
Premier Commercial Group proudly presents an exceptional opportunity: Mahan Plaza and its outparcel in Tallahassee, Florida. This combined sale includes a fully occupied 17-unit shopping center with long established tenants, and a 705-square-foot outparcel, currently leased by Red Owl Coffee under a newly signed 10-year NNN agreement. Renovated to modern standards, Mahan Plaza enjoys prime positioning along E Tennessee Street, one of the city's busiest roads, and is minutes away from an I-10 interchange. With established tenants and strategic location, this offering represents a lucrative investment in Tallahassee's thriving commercial landscape.
Property Facts
| Price | $8,720,000 | Number of Properties | 2 |
| Price / SF | $241.87 / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 36,053 SF |
| Sale Type | Investment NNN | Total Land Area | 3.37 AC |
| Status | Active |
| Price | $8,720,000 |
| Price / SF | $241.87 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,053 SF |
| Total Land Area | 3.37 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Mahan Square
1350 E Mahan Dr, Tallahassee, FL 32308 |
Retail | 35,348 SF | 1988 | - |
| 1322 Mahan Dr, Tallahassee, FL 32308 | Retail | 705 SF | 2024 | - |
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Tracy Waters -
Logan Short -
Premier Commercial Group
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Red Owl & Mahan Plaza
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