3808 Monroe StTallahassee, FL 32303

Property Details for 3808 Monroe St

Year built

1997

Property size (Sq ft)

3,200 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 3,200 square foot, single-story multi-tenant retail building located at 3808 N Monroe St, Tallahassee, FL 32303. The property, built in 1997, boasts 100% occupancy with two units currently leased to Papa John's and Just One More, both operating as established bar and restaurant businesses. Papa John's lease has two years remaining, while Just One More's lease extends for four years. Both leases are NNN (Net, Net, Net), minimizing landlord responsibilities and providing stable income streams. Importantly, both tenants are currently paying below-market rent, presenting a significant opportunity for future rental growth upon lease expiration. The property benefits from its high-visibility location in a busy commercial area, minutes from the I-10 interchange, ensuring consistent foot traffic and high visibility. This well-maintained building offers a strong rental income potential and represents a compelling investment for those seeking a steady return with substantial upside potential in a prime Tallahassee location. The property consists of one building with two units, offering a total of 3,200 square feet. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving commercial corridor.

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.5009

Longitude

-84.3295

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