Strategically located in Tallahassee's prime high-traffic area near the Florida State Capital, this property on Crawfordville Rd. ensures sustained visibility and foot traffic. Conveniently situated just 4 miles from the airport, it spans 4.22 acres, boasting 25,920 sq ft of space for optimal accessibility and exposure.
With a 100% occupancy rate and a gross lease structure where the owner covers property tax and water expenses, this property ensures stable and reliable income streams. Aligning with the target average cash-on-cash return of 14% and an impressive 25.99% internal rate of return (IRR), it offers a substantial equity multiple of 2.41.
Tenants include an Internet Cafe, Tattoo shops, barber shops, Nail Salons, laundromat, and more, contributing to its strong financial performance. With excellent roof condition and well-maintained HVAC & Mechanical systems, this property offers solid and attractive returns on investment.
Strategically located in Tallahassee's prime high-traffic area near the Florida State Capital, this property on Crawfordville Rd. ensures sustained visibility and foot traffic. Conveniently situated just 4 miles from the airport, it spans 4.22 acres, boasting 25,920 sq ft of space for optimal accessibility and exposure.
With a 100% occupancy rate and a gross lease structure where the owner covers property tax and water expenses, this property ensures stable and reliable income streams. Aligning with the target average cash-on-cash return of 14% and an impressive 25.99% internal rate of return (IRR), it offers a substantial equity multiple of 2.41.
Tenants include an Internet Cafe, Tattoo shops, barber shops, Nail Salons, laundromat, and more, contributing to its strong financial performance. With excellent roof condition and well-maintained HVAC & Mechanical systems, this property offers solid and attractive returns on investment.
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