1525 Tharpe St Tallahassee, FL 32303
High-yield, long-term NNN lease. Prime Tallahassee location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Fee-simple ownership of a 50,783 SF Crunch Fitness in Tallahassee, FL.
- Strong 6.75% cap rate and $590,187 NOI.
- NNN lease with Crunch Fitness (Fitness Ventures, LLC) through September 2036 (11.9 years remaining), including 10% rent bumps every five years and four 5-year renewal options.
- Located on an 8-acre lot, renovated in 2021, and 100% occupied.
- Excellent location near Florida State University and student housing.
Property Details for 1525 Tharpe St
- Property type
- Retail properties, Retail space
- Square Feet
- 50,783 SF
- Year Renovated
- 2021
- Lot Size (sq. ft)
- 348,480 SF
Location Insight
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Latitude
- 30.4622381
- Longitude
- -84.3126402
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, long-term NNN lease. Prime Tallahassee location.
- Where is the retail property located?
- The property is located at 1525 Tharpe St Tallahassee, FL.
- What is the asking price?
- The asking price for this property is $8,744,000.
- What are key features of this property?
- This property features: Fee-simple ownership of a 50,783 SF Crunch Fitness in Tallahassee, FL.; Strong 6.75% cap rate and $590,187 NOI.; NNN lease with Crunch Fitness (Fitness Ventures, LLC) through September 2036 (11.9 years remaining), including 10% rent bumps every five years and four 5-year renewal options.
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