HTeaO | 2320 NE Capital Cir
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HTeaO 2320 NE Capital Cir
1,890 SF Retail Building Tallahassee, FL 32308 $2,996,532 CAD ($1,585 CAD/SF) 5.85% Cap Rate
Investment Highlights
- Net leased by regional tenant with new 10 year lease
- 3% yearly increases
Executive Summary
Premier Commercial Group is proud to present this building for sale in Capital Hill Plaza. This 1,890 sf single tenant building includes a drive thru and is currently being leased out by HTeaO - a national tenant with a newly signed 10 year NNN lease. This property sits inside of our newly constructed Capital Hill Plaza in addition to many other national tenants such as Dunkin Donuts,Smoothie King, Avis Car Rentals, and more. It fronts Capital Circle NE - one of the busiest roads in Tallahassee, and is second away from an I-10 interchange
HTeaO originated in Texas in 2018. It currently has over 60 stores nation wide in Texas, Arkansas, New Mexico, and Florida, with 100 stores currently under construction and over 300 signed franchise agreements!
HTeaO originated in Texas in 2018. It currently has over 60 stores nation wide in Texas, Arkansas, New Mexico, and Florida, with 100 stores currently under construction and over 300 signed franchise agreements!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,890 SF
Building Class
B
Year Built
2024
Price
$2,996,532 CAD
Price Per SF
$1,585 CAD
Cap Rate
5.85%
NOI
$175,279 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.00 AC
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 11-16-50-000-003.0 | Improvements Assessment | $0 CAD |
Land Assessment | $123,170 CAD | Total Assessment | $123,170 CAD |
PROPERTY TAXES
Parcel Number
11-16-50-000-003.0
Land Assessment
$123,170 CAD
Improvements Assessment
$0 CAD
Total Assessment
$123,170 CAD
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HTeaO | 2320 NE Capital Cir
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