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Shopping Strip

Midtown Centre

1321 Thomasville Rd, Tallahassee, FL 32303

Listing Price: $2,806,000

Cap Rate
7.20%
Gross SF
9,090
Rentable SF
9,090
Price/Gross SF
$308.69
Lot Size
0.71 acres
Year Built
2014

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Midtown Centre, a 9,090-square-foot shopping center located in Tallahassee, FL. The 100% occupied subject property is located on a high traffic corridor seeing over 34,000 cars per day as well as surrounded by over 94,000 people within a 3-mile radius. It is uniquely positioned adjacent to Five Points which is where five commuter arteries converge with a massive combined traffic count of over 50,000 ADT. The property has two incredible anchors which provide stability, growth, and economic fortification with Florida State University as well as the State Capitol being in close proximity. Florida is a no income tax state paired with massive population migration making this a prime location with a variety of phenomenal core real estate ensuring future appreciation and stability of the location.

Investment Highlights

  • Lengthy Tenure of Current Tenants (Original Tenancy): Orange Theory: Since 2014, Brass Tap: Since 2015
  • 2 Incredible Anchors Which Provide Stability, Growth & Economic Fortification: Florida State University: Over 57,000 Students/Staff, State Capitol: 19,400 Staff
  • Adjacent to Five Points Where Five Main Commuter Arteries Converge With a Massive Combined ADT of 50,600
  • Huge Population Density: 10,539 – 1 mile, 94,465 – 3 miles
  • Orange Theory: Exploding Fitness Concept with Over 1,200 Locations in Every State & 23 Countries Worldwide
  • Brass Tap: Voted Best Bar in Tallahassee by Tallahassee Magazine

Exclusively Listed By

Financing By

Shopping Strip

Midtown Centre

Listing Price: $2,806,000

Cap Rate
7.20%
Gross SF
9,090
Rentable SF
9,090
Price/Gross SF
$308.69
Lot Size
0.71 acres
Year Built
2014

Investment Highlights

  • Lengthy Tenure of Current Tenants (Original Tenancy): Orange Theory: Since 2014, Brass Tap: Since 2015
  • 2 Incredible Anchors Which Provide Stability, Growth & Economic Fortification: Florida State University: Over 57,000 Students/Staff, State Capitol: 19,400 Staff
  • Adjacent to Five Points Where Five Main Commuter Arteries Converge With a Massive Combined ADT of 50,600
  • Huge Population Density: 10,539 – 1 mile, 94,465 – 3 miles
  • Orange Theory: Exploding Fitness Concept with Over 1,200 Locations in Every State & 23 Countries Worldwide
  • Brass Tap: Voted Best Bar in Tallahassee by Tallahassee Magazine

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Midtown Centre, a 9,090-square-foot shopping center located in Tallahassee, FL. The 100% occupied subject property is located on a high traffic corridor seeing over 34,000 cars per day as well as surrounded by over 94,000 people within a 3-mile radius. It is uniquely positioned adjacent to Five Points which is where five commuter arteries converge with a massive combined traffic count of over 50,000 ADT. The property has two incredible anchors which provide stability, growth, and economic fortification with Florida State University as well as the State Capitol being in close proximity. Florida is a no income tax state paired with massive population migration making this a prime location with a variety of phenomenal core real estate ensuring future appreciation and stability of the location.

Exclusively Listed By

Financing By

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