1126 Thomasville Rd Listing Details & Market Data

1126 Thomasville Rd, Tallahassee, FL 32303

  • For Sale $3,113,751
  • Property Type Retail
  • Property Size 4,434 SF
  • Lot Size 0.41 Acre
  • Cap Rate % 7.25
  • Building Class C
  • Year Built 1964
  • Year Renovated 2021
  • Date Updated Dec 13, 2023
  • LONG-TERM LEASE – There are over 9 Years remaining on the base term of the lease, providing stability and security for investors.
  • HIGH YIELDING INVESTMENT – Property is being offered at a Year-1 in place cap rate of 7.25%.
  • EARLY LEASE EXTENSION – The tenant has recently executed a 4-year lease extension, demonstrating their commitment to the site.
  • NEW ROOF WITH 15-YEAR TRANSFERABLE WARRANTY – The property’s roof was recently replaced in 2023, and it comes with a transferable 15-year warranty.
  • FAVORABLE RENTAL INCREASE – 2.50% Annual Rental escalations provide investors with a hedge against inflation.
  • PROVEN OPERATOR – Brady Cobb, the CEO of Sunburn, has a track record of success. Previously, he built, grew, and operated in Florida under the name One Plant/Bluma Wellness. After successfully establishing the company, he entered into an agreement to sell it to Cresco Labs, operating as Sunnyside, for $213 million. Following this, Brady re-entered the Florida cannabis market by acquiring MedMen’s Florida assets for a total consideration of $63 million.

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Contacts

broker

Daniel Gonzalez

Matthews Real Estate Investment Services

(305) 395-6972

broker

Alexander Machado

Matthews Real Estate Investment Services

(305) 359-5207

broker

Robert Goldberg

Matthews Real Estate Investment Services

(954) 237-4510

broker

Ben Snyder

Matthews Real Estate Investment Services

(216) 503-3607

Location

Getting Around

  • Walk Score ®

    Very Walkable (74)

  • Transit Score ®

    Some Transit (43)

  • Bike Score ®

    Bikeable (56)
Powered by Walk Score ®
  • City Tallahassee, FL
  • Neighborhood Midtown Tallahassee
  • Zip Code 32303
  • Market Tallahassee

Points of Interest

  • Shell

    0.20 miles

  • Total Buy Store

    0.24 miles

  • Shell

    0.26 miles

  • Chevron

    0.70 miles

  • Tesla Supercharger

    0.76 miles

  • SemaConnect

    0.88 miles

  • Shell

    1.15 miles

  • ChargePoint

    1.25 miles

  • Shell

    1.30 miles

  • Gulf

    1.41 miles

  • Newman Lot

    0.56 miles

  • Call Street Garage

    0.98 miles

  • Palm Court Parking Lot

    1.03 miles

  • Kleman Plaza Parking Garage

    1.11 miles

  • Saint Augustine Street Garage

    1.36 miles

  • Woodward Avenue Garage

    1.41 miles

  • Traditions Way Garage

    1.44 miles

  • FSU Commuter Parking

    1.57 miles

  • Lot 341

    1.64 miles

  • Pensacola Street Parking Garage

    1.72 miles

  • Luna's Italian Food

    0.03 miles

  • Midtown Pies

    0.04 miles

  • Taco Republik

    0.04 miles

  • Whataburger

    0.05 miles

  • Lucy and Leo

    0.05 miles

  • Jeri's Midtown Cafe

    0.06 miles

  • Wild Cajun Crawfish and Oyster Bar

    0.11 miles

  • Table 23

    0.11 miles

  • El Cocinero

    0.13 miles

  • Bruegger's Bagels

    0.15 miles

  • Publix

    0.65 miles

  • Whole Foods Market

    0.76 miles

  • Winn-Dixie

    1.47 miles

  • What's The Point? Piercing Studio

    1.48 miles

  • Beall's Outlet

    1.51 miles

  • Centre of Tallahasse

    1.58 miles

  • Marshalls

    1.58 miles

  • Belk

    1.60 miles

  • Ross

    1.60 miles

  • Community Co-op Market

    1.61 miles

Contact 1126 Thomasville Rd