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    3510 N Monroe St Tallahassee, FL 32303

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    For Sale
    $3,166,667

    NNN leased retail property with long-term tenant in Florida.

    Property size:
    23,625 SF
    Lot size:
    1.63 Acres

    Property Features for 3510 N Monroe St

    General Information

    Size
    23,625 SF
    Lot size
    1.63 Acres

    Source: RIPCO Real Estate | Tampa Agent Joe Simpson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Retail Investment Opportunity

    The property is currently leased on an NN+ lease, requiring minimal landlord responsibilities, with 10 years of term remaining. The lease includes two 5-year options to extend with a rare +3%. The initial term and option periods include +10% rental increases every 5 years, providing protection against inflation. The property is located in Florida, a state with no state income tax. The property has a size of 23625 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BOB'S Vintage and Antique's Furniture Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3255964
    Latitude
    30.494061

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    FAQs

    What type of property is this?
    Retail space - NNN leased retail property with long-term tenant in Florida.
    Where is this retail space located?
    The property is located at 3510 N Monroe St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $3,166,667.
    What are key features of this property?
    This property features: - Long-term NN+ lease with 10 years remaining, minimizing landlord responsibilities; - Built-in inflation protection with +10% rental increases every 5 years during the initial term and option periods; - Two (2) 5-year options to extend the lease with rare +3% rental increases
    (904) 378-6228
    Request Owner's contact information
    3510 N Monroe St Tallahassee, FL 32303
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    Tallahassee, FL 32303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3510 N Monroe St Tallahassee, FL 32303
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