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O’Reilly Auto Parts Retail Space
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3201 Capital Circle NE, Tallahassee, FL 32308

Corporate-guaranteed lease with 13 years remaining supports the retail property’s investment profile.

Property SizeContact for details
Days on Market145

Property Features for 3201 Capital Circle NE

General Information

Standard status Active
Property subtype Retail

Site & Location

Traffic Count 55,000 vehicles/day
Highway Access Yes

Building Details

Tenancy Single
Listing Agency: Marcus & Millichap - San Diego
Listed By: Phil Sambazis · License #01474991
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 1:50PM

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 Marcus & Millichap - San Diego

Investment Insights

Based on property information with market context.

This retail property is associated with O’Reilly Auto Parts and is backed by a corporate guarantee. The lease has 13 years remaining, and the guarantor carries an investment-grade BBB+ rating from S&P. O’Reilly Auto Parts reports $7.96 billion in revenue and more than 4,700 locations across 45 states.

Located at 3201 Capital Circle NE in Tallahassee, Florida, the property sits across from a Home Depot and PetSmart-anchored center. The site is positioned along a primary retail corridor carrying 55,000 cars per day and just off I-10, where traffic reaches 80,055 cars per day.

The surrounding trade area includes 223,118 residents, while average household income exceeds $86,000 within a 3-mile radius. The property is 1.5 miles from Capital Regional Medical Center, which has 1,100 employees, and is near Florida State University and Florida A&M University, representing 51,393 students. Nearby retailers include Publix, Trader Joe’s, The Fresh Market, TJ Maxx, HomeGoods, and Hobby Lobby.

Key Highlights

  • 13 years remaining under a corporate‑guaranteed lease
  • Investment‑grade BBB+ credit rating from S&P
  • 55,000 cars per day along the primary retail corridor

Property Analytics

Current Use

Hertz Talahasy aeropuerto Corporate Office O'Reilly Auto Parts Auto Parts Store

Suggested Use

Top Pick Parking Lot & Garage Cafe & Coffee Shop Skin Care Clinic Law Firm Spa & Massage Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

55,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby

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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Corporate-guaranteed lease with 13 years remaining supports the retail property’s investment profile.
Where is this retail space located?
The property is located at 3201 Capital Circle NE Tallahassee, FL.
What are key features of this property?
This property features: 13 years remaining under a corporate‑guaranteed lease; Investment‑grade BBB+ credit rating from S&P; 55,000 cars per day along the primary retail corridor
(858) 373-3100 Call to check price and availability
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