Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple, 14,751 square-foot Walgreens located at 140 Capital Cir SW, Tallahassee, FL 32304. The property boasts a 13-year absolute NNN lease with Walgreens (NYSE: WBA), commencing September 1, 2022, and expiring August 31, 2035, leaving approximately 10.8 years remaining. The lease includes twelve five-year renewal options, with attractive 5% rent bumps every five years. Situated on a 1.72-acre lot, this single-story, 1983-built building… features a drive-thru pharmacy and benefits from exceptional visibility on a hard-signalized corner, experiencing traffic exceeding 55,500 vehicles daily. The property's prime location within a dense retail corridor, alongside national tenants such as Walmart, McDonald's, Ross Dress for Less, and others, ensures consistent high traffic and strong tenant performance. The property generates a Net Operating Income (NOI) of $340,860, representing a 6.50% cap rate and a price per square foot of $355.77. The asking price is $5,248,000. This strategically located asset offers significant long-term value, enhanced by its proximity to Florida State University and downtown Tallahassee, within a no-income-tax state. The corporate guarantee from Walgreens provides significant security and stability for this investment. The property's fee-simple ownership allows for depreciation benefits.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,505 SF
- Lot area
- 1.72 ac
- Year built
- 2007
- Stories
- 1
- APN
- 21-30-20-002-001-0
- Assessed value · 2023
- $3,140,230
- Annual tax · 2023
- $60,762
- Neighborhood: Shopping Center
- Industrial (general)
- Restaurant
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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