Single-Tenant NNN Ground
For Sale
Contact for pricing
1495 Capital Cir NW, Tallahassee, FL 32303
New construction at 1495 Capital Circle NW includes a Wawa-operated facility with scheduled rental increases.
Property Size5,943 SF
Lot Size2.39 Acres
Price / SF$1,009
Days on Market168
Property Features for 1495 Capital Cir NW
General Information
Standard status
Active
Size
5,943 SF
Class
A
Lot size
2.39 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$270,000
Additional Details
Cap Rate
4.5%
Highway Access
Yes
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Mar 16
Changed: Aug 30
Last Checked: Aug 30 at 10:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
Located at 1495 Capital Circle NW in Tallahassee, the property was completed in 2024 and comprises a 5,943-square-foot facility on 2.39 acres. Wawa Florida, LLC occupies the site under an absolute NNN ground lease, providing a single-tenant structure with the tenant responsible for property-level obligations under the lease terms.
The property sits directly off I-10 within an industrial corridor. The lease carries a 20-year initial term and includes six five-year extension options, along with scheduled rental increases. The stated cap rate is 4.50%.
The property sits directly off I-10 within an industrial corridor. The lease carries a 20-year initial term and includes six five-year extension options, along with scheduled rental increases. The stated cap rate is 4.50%.
Key Highlights
- 5,943 SF facility on 2.39 acres
- Completed in 2024
- Absolute NNN ground lease with Wawa Florida, LLC
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Home Improvements & Furnishings 33%
Shops & Services 25%
The Home Depot
Home Improvements & Furnishings
37,265 visits/mo
0.2 miles
Wendy's
Dining
21,306 visits/mo
0.1 miles
Shell
Shops & Services
19,552 visits/mo
0.4 miles
Steak 'n Shake
Dining
14,702 visits/mo
0.5 miles
Chevron
Shops & Services
8,111 visits/mo
0.3 miles
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - New construction at 1495 Capital Circle NW includes a Wawa-operated facility with scheduled rental increases.
Where is this nnn property located?
The property is located at 1495 Capital Cir NW Tallahassee, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 5,943 SF facility on 2.39 acres; Completed in 2024; Absolute NNN ground lease with Wawa Florida, LLC
