2828 Monroe St Tallahassee, FL 32303-3635
Property profile & analytics
2828 Monroe St, Tallahassee, FL 32303-3635
- Community centers
- 3,535 SF
- 1.38 lot acres
Property ID
US18-5123134
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- KFC / Restaurant
- 2828 N Monroe St, Tallahassee, FL 32303 / Restaurant
- KFC Tallahassee / Restaurant
Property Details for 2828 Monroe St
- Year built
- 2020
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.38 lot acres
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 21-14-51-000-032-0
- APU
- 2114510000320
Description
This exceptional investment opportunity presents a free-standing KFC restaurant in Tallahassee, Florida, secured by a 20-year absolute triple-net (NNN) lease commencing October 1, 2024, and expiring September 30, 2044. The 3,790 square foot building, constructed in 2020, sits on a 1.38-acre lot and boasts a strong 5.50% cap rate with a net operating income (NOI) of $171,288. The lease includes four 5-year renewal options and features annual rent increases of 1.50% starting in year seven. The tenant, a franchisee, is backed by a significant 80-unit operator guarantor, providing substantial financial security. This prime location at 2828 N Monroe St, Tallahassee, FL 32303, benefits from high visibility, being less than a mile from The Centre of Tallahassee, a major regional mall with over 3.1 million annual visitors. The property enjoys excellent access, situated at the intersection of FL I-10 and N Monroe St, a high-traffic area with over 106,000 vehicles per day. The surrounding area is densely populated, with over 68,656 households within a 5-mile radius and numerous hotels providing a substantial customer base. The asking price is $3,114,000, translating to $821.64 per square foot. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.3038
- Latitude
- 30.48
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,408
$480,904
$883,867
$1,364,771
-
$480,904
$883,867
$1,364,771
