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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!

Attachments

HTaeO

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

Regions Bank
Ameris Bank
Hancock Whitney Bank
Publix
United Rentals
Ruby Tuesday
Glory Days Grill
Synovus Bank
Carrabba's Italian Grill
Texas Roadhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-16-50-000-003.0
Land Assessment
$123,170 CAD
Improvements Assessment
$0 CAD
Total Assessment
$123,170 CAD
  • Listing ID: 31393369

  • Date on Market: 2024-04-02

  • Last Updated:

  • Address: 2320 NE Capital Cir, Tallahassee, FL 32308

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