3802 Monroe StTallahassee, FL 32303

This exceptional NNN retail investment opportunity in Tallahassee, Florida, presents a 17,544 square foot free-standing building on a 2.816-acre lot, situated at 3802 N Monroe St, 32303. The property boasts 100% occupancy with two corporate tenants: Dollar General (9,014 sq ft) and Ace Hardware (8,530 sq ft), both under long-term leases with built-in rent increases. Dollar General's lease includes three 5-year options with a 10% rent bump per renewal, while Ace Hardware's lease offers three 5-year options at a 12% increase per renewal. The current Net Operating Income (NOI) stands at $226,498, yielding a 4.75% cap rate on the $4,800,000 asking price. Built in 2010, this single-story building is situated in a high-visibility location with excellent highway frontage. The property is zoned Commercial Parkway, and the landlord's responsibilities are limited to roof and structure maintenance. This investment benefits from a finite amount of developable land in the area due to lake protection zoning, making it a particularly attractive opportunity in a growing market. The leases are corporate guaranteed, providing significant security and stability for the investor. The property's APN is 2109513281180.