Tire Kingdom
$3,053,850
3475 Apalachee Pkwy, Tallahassee, FL 32311
For Sale
Retail
Active
Last Updated: 09/09/2025
5.25
Cap Rate
160,327
NOI
Details:
Cap Rate: 5.25%
NOI: $160,327
Building Size: 6,672 sqft
Lot Area: 0.9876 acres
Class: B
Year Built: 2001
Floors: 1
Highlights:
- Double Net (NN) Lease | Minimal Landlord Obligations - Limited to Roof and Structure
- Recent Lease Renewal - 15 Year Extension Showcasing Long Term Commitment To The Subject Property
- Strong Dedication to Location | Occupying Since 2001
- Four (4), Five Year Options | 5% Increases in Each Option Period
- Heavily Trafficked Road | Main Retail Corridor with Direct Access to Downtown Tallahassee
- Next 5% Rental Increase - August 2031
- Adjacent to Walmart Supercenter in the Heart of Tallahassee | Excellent Hard Corner, Lighted Intersection Location
- Property Renovated In 2016 Showing Commitment to the Location
- Highly Visible and Easily Accessible Apalachee Pkwy | Over 29,350 Vehicles Per Day
- Population Exceeds 112,960 within 5-Mile Radius | Average Household Income Exceeds $98,836 within 3-Mile Radius
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