1350 Mahan Dr Tallahassee, FL 32308

This exceptional investment opportunity encompasses Mahan Plaza, a fully occupied, 18-unit retail center totaling 29,055 square feet, and a 705-square-foot outparcel in Tallahassee, Florida. The property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $566,800, and a 6.50% cap rate. The asking price is $8,720,000, translating to $300.12 per square foot. The plaza, renovated in 2023, features modern amenities and is strategically located on a busy Tallahassee thoroughfare, minutes from an I-10 interchange, ensuring high visibility and accessibility. The outparcel, constructed in 2024, is leased to a credit-rated franchisee of a well-established national brand, Red Owl Coffee, under a new 10-year NNN lease. The property consists of two single-story buildings and includes 17 units within the shopping center, in addition to the Red Owl Coffee location. This portfolio sale presents a compelling investment opportunity in Tallahassee's thriving commercial market, offering stable income and significant long-term potential. The property is situated at 1350 Mahan Dr, Tallahassee, FL 32308, within Leon County. The sale is offered by the owner.