2881 Park Ave Tallahassee, FL 32301-3424

This exceptional investment opportunity presents a fee-simple ownership of an 8,750-square-foot childcare facility in Tallahassee, Florida. Located at 2881 E Park Ave, this property boasts a prime location within Leon County (zip code 32301), situated on a 0.95-acre lot. The building, constructed in 2012, operates under a corporate-guaranteed Absolute NNN lease with Childcare Network, a significant national player with over 240 schools. The lease, originally commencing June 30, 2012, has a remaining term of 7.6 years, extending to June 29, 2032, with two 5-year options. Rent escalations are built-in, with a maximum increase of 6% or CPI, whichever is greater, every three years. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $135,740, resulting in a compelling 6.50% cap rate. The asking price is $2,088,000. This is a rare opportunity to acquire a stable, high-performing asset in a growing market, benefiting from the presence of several colleges and universities, including Florida State University, and a population exceeding 135,000 residents within a 5-mile radius. The property is zoned for commercial use.