Retail Asset with Ace
For Lease
Contact for pricing
3510 N Monroe St, Tallahassee, FL 32303
Stable, income-producing retail property with long-term lease in Tallahassee.
Space Size5,000 SF
Days on Market167
Property Features for 3510 N Monroe St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Lease Type
NNN
Building Details
Building Size
5,000 SF
Tenancy
Single
Spaces For Lease
at 3510 N Monroe St Contact us- Size
- 5,000 SF
- Type
- Industrial
- Lease Type
- NNN
- Availability
- Active
Available Space
Listing Agency:
Premier Commercial Group
(850) 545-2282
Listed By:
Tracy Waters · License #FL 658092
Source:
Crexi
Added: Mar 16
Changed: Aug 23
Last Checked: Aug 29 at 9:55AM
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 Premier Commercial Group
Investment Insights
Based on property information with market context.
This retail property at 3510 N Monroe Street in Tallahassee, Florida, presents an opportunity to acquire a stable, income-producing asset. It is offered as a sale/leaseback with Ace Hardware, a nationally recognized hardware retailer. The property is secured by a long-term lease with approximately 9 years remaining. The lease includes 10% rent increases every 5 years and three five-year renewal options. The landlord is responsible for the roof and structure. The lease is with a local franchisee, not the corporate entity. This location has served the Lake Jackson community for over 15 years. Situated along North Monroe Street, a primary retail corridor in Tallahassee, the site benefits from strong traffic and established retail synergy. This offering is suitable for investors seeking durable tenancy, long-term income stability, and exposure to a national retailer in a growing Florida market.
Key Highlights
- Long‑term lease with approximately 9 years remaining with Ace Hardware, providing stable income.
- 10% rent increases every 5 years and three (3) five‑year renewal options, offering predictable cash flow and income growth.
- Located on North Monroe Street, a primary retail corridor, benefiting from strong traffic and established retail synergy.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Dollar Tree
Shops & Services
13,649 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,886 visits/mo
0.3 miles
AutoZone
Shops & Services
3,396 visits/mo
0.4 miles
Pizza Hut
Dining
2,482 visits/mo
0.1 miles
Domino's Pizza
Dining
1,897 visits/mo
0.0 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?
Storefront property - Stable, income-producing retail property with long-term lease in Tallahassee.
Where is this storefront property located?
The property is located at 3510 N Monroe St Tallahassee, FL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Long‑term lease with approximately 9 years remaining with Ace Hardware, providing stable income.; 10% rent increases every 5 years and three (3) five‑year renewal options, offering predictable cash flow and income growth.; Located on North Monroe Street, a primary retail corridor, benefiting from strong traffic and established retail synergy.
