1126 Thomasville Rd Tallahassee, FL 32303

This exceptional investment opportunity presents a fee-simple ownership of a 4,434 square foot retail property located at 1126 Thomasville Rd, Tallahassee, FL 32303, in Leon County. The property, built in 1964 and renovated in 2021, sits on a 0.41-acre lot and is currently 100% occupied by Sunburn Cannabis under a Net Net (NN) lease with a corporate guarantee. The lease commenced February 28, 2019, and has a remaining term of approximately 8.3 years, with two 5-year lease options. The current annual rent is $225,747, representing a price per square foot of $676.59 and a 7.52% cap rate. The lease includes a favorable 2.50% annual rent escalation clause, providing a hedge against inflation. A new roof installed in 2023 boasts a transferable 15-year warranty. The property's APN is 21-25-45-000-134-2. This is a single-tenant, single-building property offering a stable, high-yielding investment with significant long-term potential. The asking price is $3,000,000.