Overview

Description

• Opportunity to acquire Orleans at Midtown, a 5-tenant retail center in Tallahassee, FL
• The NN leases feature rental increases during the initial term, steadily increasing the NOI while providing a hedge against inflation
• Landlord is responsible for roof, structure, foundation, and exterior walls

• The asset is located along Thomasville Road, averaging 34,500 vehicles per day
• Ideally located 2 miles from FSU (44,000+ students) and 3 miles from FAMU (10,000 students), providing direct consumer bases from which to draw
• Also located along Thomasville Road is the Whole Foods anchored Miracle Plaza, which ranks in the top 72% of all neighborhood centers in Florida according to Placer.ai
• The trade area is supported by surrounding retailer such as Publix, Whataburger, Circle K, CAVA, Five Guys, and more

Highlights

• Excellent Retail Investment Opportunity
• Great Location in Heart of Midtown in Tallahassee
• Built in 2009-Excellent Condition
• Good Tenant Mix
• Solar Energy System on Roof

Documents

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