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1719 W Tennessee St Tallahassee, FL 32308

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For Sale
$3,864,343

NNN lease with rental increases near Florida State University.

Property size:
7,128 SF
Lot size:
0.44 Acres

Property Features for 1719 W Tennessee St

General Information

Size
7,128 SF
Lot size
0.44 Acres

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Listing Contact
Ari Ravi
Ari Ravi
Source: Moodyscre

Listing Agent: Ari Ravi

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

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Overview

NNN Lease Near Florida State

This property features an absolute NNN lease with 7.5 years remaining and three 5-year options to extend. The initial term and option periods include +2% annual rental increases. The long-term absolute NNN lease provides a management-free investment in a state with no state income tax. The tenant for the lease is associated with 12 Florida locations. The lease is additionally guaranteed by Green Ops Ocala LLC, the entity associated with Jungle Boys’ grow facility in Ocala, FL. The property is located 0.25 miles from Florida State University, which has over 40,000 students enrolled. The property is located within a 1-mile radius of a population of 30,121. The property has a size of 7,128 square feet.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Tallahassee
County
Leon
State
Florida
Longitude
-84.3100692
Latitude
30.448642

FAQs

What type of property is this?
Retail space - NNN lease with rental increases near Florida State University.
Where is this retail space located?
The property is located at 1719 W Tennessee St Tallahassee, FL.
What is the asking price?
The asking price for this property is $3,864,343.
What are key features of this property?
This property features: - Long-term absolute NNN lease with 7.5 years remaining and three 5-year options, offering a management-free investment.; - Enjoy +2% annual rental increases throughout the initial term and option periods.; - Lease guaranteed by Green Ops Ocala LLC, associated with Jungle Boys' grow facility.
More about this property
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