BIDDING OPEN NOW
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BIDDING OPEN NOW ☆
EXCLUSIVE MULTIPURPOSE PROPERTY2555 N MONROE
GALLERY:
EXP Realty is offering for sale a multi-tenant, multi-purpose industrial property located at 2555 North Monroe, Tallahassee, Florida. This property encompasses 20,000 SF of rentable building area (RBA) on a 1.45-acre lot.
Occupied by Every Nation Church, the property is fully leased, boasting a weighted average lease term (WALT) of approximately X years. The church has demonstrated its commitment by investing over $X in recent improvements.
Located in the capital city of Florida, Tallahassee, within Leon County, the property benefits from its strategic position directly off US Highway 27, ensuring high traffic and visibility.
Property Highlights:
Multi-Tenant Offering
Diverse multi-tenant property with various tenants
NN leases with rental increases during the initial term, boosting NOI and providing a hedge against inflation
Option to sell the building vacant
Limited landlord responsibilities: roof, structure, foundation, and exterior walls
Strong Demographics
Located in a key retail and business hub with excellent interstate access
Nearly 200,000 residents and employees support the area
Average household income of $44,722 within a 1-mile radius
Close to Downtown Tallahassee, universities, and the Florida Capitol building
Tallahassee is the 12th fastest growing metropolitan area in Florida with a 12.4% growth rate
Florida Chamber of Commerce projects a population increase of 20,000 to 45,000 by 2030
Prime Location
Fronting North Monroe with over 30,000 vehicles per day
Near Florida State University (44,000+ students)
Surrounded by national and local retailers and professional offices, including Red Lobster, Slim Chickens, Whataburger, Zaxby's, EconoLodge, La Quinta, Days Inn, and Walmart
Blocks from Centre of Tallahassee, home to three state offices and over 2,000 employees
New Development
New 7-story apartment building with retail space located just 2 miles from the property
Nearly 17 developers proposed projects in the trade area over the past year, indicating significant growth
Listing Presented by:
Kris Dove
"Connecting Local Expertise with International Opportunities"
