3475 Thomasville Rd Tallahassee, FL 32309-3425
Invest in a prime retail space within the Killearn Shopping Center, a bustling 129,306 square foot power center located in Tallahassee, Florida's affluent northwest retail district. This multi-tenant shopping center boasts a strong lineup of national retailers, including a top-performing Hobby Lobby (per Creditntell data), Five Guys, CVS, and Firehouse Subs, ensuring high foot traffic and visibility. The available space totals 3,159 square feet, presenting a unique opportunity for expansion or new business establishment. Strategically situated just off Interstate 10, the center enjoys exceptional accessibility, positioned midway between Jacksonville and Pensacola along the Florida Panhandle. The surrounding trade area demonstrates robust retail sales performance for major brands such as Trader Joe's, TJ Maxx, Total Wine, Publix, Starbucks, Chipotle, Fresh Market, and Blaze Pizza, indicating a strong and affluent consumer base. Tallahassee, the capital of Florida and Leon County's largest city, boasts a population of 202,172 residents, reflecting a 7.11% growth over the past decade. This dynamic market and established tenant mix make this retail space an attractive investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.