Pep Boys NNN
For Sale
Contact for pricing
2237 Capital Circle NE, Tallahassee, FL 32308
Triple-net lease structure places no landlord responsibilities on the property.
Property SizeContact for details
Days on Market142
Property Features for 2237 Capital Circle NE
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
43,000 vehicles/day
Listing Agency:
SAB Capital
(646) 809-8840
Listed By:
Preet Sabharwal · License #NY 10401215775
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 5:19PM
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 SAB Capital
Investment Insights
Based on property information with market context.
This Pep Boys property is leased under a triple-net structure with no landlord responsibilities. The lease includes a 7.7 percent rent increase scheduled for July 2024 and carries a corporate guarantee from Big 10 Tire Stores, Incorporated, a wholly owned subsidiary of The Pep Boys: Manny, Moe & Jack and Icahn Enterprises, Limited Partnership.
The pad site is positioned alongside Lowe’s and Publix, with access to Capital Circle Northeast, a corridor carrying more than 43,000 vehicles per day. Capital Regional Medical Center is located less than one mile away and operates a 166-bed facility. Within five miles, the surrounding area includes more than 137,000 residents with average household income above $70,000. Active development permits in Tallahassee exceed $150 Million, including the Canopy Employment Center, a $68 Million mixed-use project less than two miles east.
The pad site is positioned alongside Lowe’s and Publix, with access to Capital Circle Northeast, a corridor carrying more than 43,000 vehicles per day. Capital Regional Medical Center is located less than one mile away and operates a 166-bed facility. Within five miles, the surrounding area includes more than 137,000 residents with average household income above $70,000. Active development permits in Tallahassee exceed $150 Million, including the Canopy Employment Center, a $68 Million mixed-use project less than two miles east.
Key Highlights
- Triple‑net lease with zero landlord responsibilities
- 7.7 percent rent bump scheduled for July 2024
- Lease guarantee from Big 10 Tire Stores, Incorporated
Property Analytics
Property Profile
Current Use
Lease Details
43,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
223k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Home Improvements & Furnishings 23%
Groceries 20%
Shops & Services 19%
Lowe's
Home Improvements & Furnishings
50,548 visits/mo
0.2 miles
Publix
Groceries
45,018 visits/mo
0.2 miles
McDonald's
Dining
22,315 visits/mo
0.4 miles
Panda Express
Dining
12,297 visits/mo
0.1 miles
Shell
Shops & Services
12,088 visits/mo
0.3 miles
Demographics for 32308, FL
23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Triple-net lease structure places no landlord responsibilities on the property.
Where is this nnn property located?
The property is located at 2237 Capital Circle NE Tallahassee, FL.
What are key features of this property?
This property features: Triple‑net lease with zero landlord responsibilities; 7.7 percent rent bump scheduled for July 2024; Lease guarantee from Big 10 Tire Stores, Incorporated
