Skip to main content

Miscellaneous

The Vitamin Shoppe - Leasehold Interest

1313 Apalachee Pkwy, Tallahassee, FL 32301

Listing Price: $1,520,000

Cap Rate
8.00%
Tenant Name
Vitamin Shoppe Industries, Inc.
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
6,050
Lease Type
Double Net
Rent Per Square Feet
$20.10

Investment Overview

Marcus & Millichap is pleased to present The Vitamin Shoppe, a rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the market of Tallahassee, FL. This unique investment opportunity ideally positioned in a very strong retail dense location seeing over 40,000 cars per day. The subject property is located in an A+ location immediately surrounded by the State Capitol and Florida State University, which along with other surrounding Universities provides a student base of more than 68,000 students and a strong built-in customer base. With over 12 years remaining on the Ground Lease with four 10-year options, this provides a significant runway to perpetuate the corporate Vitamin Shoppe income stream.

Investment Highlights

  • Positive Projected Population Growth and Income Growth within 1, 3, and 5 Miles
  • Corporate Vitamin Shoppe Guarantee
  • Very Strong Retail Dense Location surrounded by many National Retailers such as Best Buy, Olive Garden, DSW, CVS, ROSS Dress for Less, Publix, Bealls, Walgreens, and many more.
  • A+ Location immediately by the State Capitol and Florida State University, which along with other surrounding Universities provides a student base of more than 68,000 students and a strong built in customer base.
  • Income Tax Free State of Florida
  • Over 12 years remaining on the Ground Lease with Four 10-year Options providing significant runway to perpetuate the corporate Vitamin Shoppe income stream

Exclusively Listed By

Miscellaneous

The Vitamin Shoppe - Leasehold Interest

Listing Price: $1,520,000

Cap Rate
8.00%
Tenant Name
Vitamin Shoppe Industries, Inc.
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
6,050
Lease Type
Double Net
Rent Per Square Feet
$20.10

Investment Highlights

  • Positive Projected Population Growth and Income Growth within 1, 3, and 5 Miles
  • Corporate Vitamin Shoppe Guarantee
  • Very Strong Retail Dense Location surrounded by many National Retailers such as Best Buy, Olive Garden, DSW, CVS, ROSS Dress for Less, Publix, Bealls, Walgreens, and many more.
  • A+ Location immediately by the State Capitol and Florida State University, which along with other surrounding Universities provides a student base of more than 68,000 students and a strong built in customer base.
  • Income Tax Free State of Florida
  • Over 12 years remaining on the Ground Lease with Four 10-year Options providing significant runway to perpetuate the corporate Vitamin Shoppe income stream

Investment Overview

Marcus & Millichap is pleased to present The Vitamin Shoppe, a rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the market of Tallahassee, FL. This unique investment opportunity ideally positioned in a very strong retail dense location seeing over 40,000 cars per day. The subject property is located in an A+ location immediately surrounded by the State Capitol and Florida State University, which along with other surrounding Universities provides a student base of more than 68,000 students and a strong built-in customer base. With over 12 years remaining on the Ground Lease with four 10-year options, this provides a significant runway to perpetuate the corporate Vitamin Shoppe income stream.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower