3808 Monroe St Tallahassee, FL 32303
High-traffic, fully leased bar & restaurant.
Property size:
3,200 SFProperty Features for 3808 Monroe St
General Information
- Property type
- Restaurants
- Square Feet
- 3,200 SF
Building Details
- Year Built
- 1997
- Buildings
- 1
- Stories
- 1
- Units
- 2
Listing Agency: Premier Commercial Group Listing Agent: Al Russell
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 3,200 square foot, single-story multi-tenant retail building located at 3808 N Monroe St, Tallahassee, FL 32303. The property, built in 1997, boasts 100% occupancy with two units currently leased to Papa John's and Just One More, both operating as established bar and restaurant businesses. Papa John's lease has two years remaining, while Just One More's lease extends for four years. Both leases are NNN (Net, Net, Net), minimizing landlord responsibilities and providing stable income streams. Importantly, both tenants are currently paying below-market rent, presenting a significant opportunity for future rental growth upon lease expiration. The property benefits from its high-visibility location in a busy commercial area, minutes from the I-10 interchange, ensuring consistent foot traffic and high visibility. This well-maintained building offers a strong rental income potential and represents a compelling investment for those seeking a steady return with substantial upside potential in a prime Tallahassee location. The property consists of one building with two units, offering a total of 3,200 square feet. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving commercial corridor.
Property Profile
Location Intelligence
Current Use by Public Records
Papa Johns Pizza
Restaurant
Just One More
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.3294583
- Latitude
- 30.5008756
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - High-traffic, fully leased bar & restaurant.
Where is this restaurant located?
The property is located at 3808 Monroe St Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location, minutes from I-10 interchange.; 100% occupancy with below-market NNN leases; Papa John's (2 years remaining) and Just One More (4 years remaining).; Strong rental income potential with significant upside.
