1755 N Blair Stone Rd Tallahassee, FL 32308

Building Details

Year Built

2025

Listing agency SRS Real Estate Partners Tampa

Listed by William Wamble · License #SL3257920

Source Crexi

Added: Mar 16 Updated: Jul 21 at 1:13AM Checked: Jul 21 at 4:46AM

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Investment Insights

Based on property information with market context.

This single-tenant absolute NNN ground lease property is leased to Wawa. The ground lease is structured with a 20-year initial term and includes 6 options to extend. Rental income is set to increase by 7% every 5 years. Financially, the offering is presented with net operating income of $280,000 and a stated competitive 4.50% cap rate.

The property is located at a signalized hard corner intersection along N Blair Stone Road in Tallahassee, Florida, with an indicated traffic flow of 12,400 vehicles per day and high visibility.

Key Highlights

• Absolute NNN single‑tenant ground lease at 1755 N Blair Stone Road in Tallahassee, Florida
• 20‑year ground lease term with 6 extension options
• Leased to Wawa

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FAQs

What type of property is this?

NNN property - Absolute NNN ground lease with 20-year term and multiple extension options, leased to Wawa.

Where is this nnn property located?

The property is located at 1755 N Blair Stone Rd Tallahassee, FL.

What is the asking price?

The asking price for this property is $6,222,000.

What are key features of this property?

This property features: Absolute NNN single‑tenant ground lease at 1755 N Blair Stone Road in Tallahassee, Florida; 20‑year ground lease term with 6 extension options; Leased to Wawa