C-Store Cumberland Farms (NNN) Ground Lease

2447 Monroe Street Tallahassee, FL 32303

2447 Monroe Street, Tallahassee, FL, 32303
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FOR SALE
Property Type:
Other Land
Amount:
$4,736,842
Last Verified:
Jan 23, 2023

Highlights

  • New 20-Year absolute NNN lease
  • New Cumberland Farms proto-type by EG America
  • Guaranteed by EG Retail (America) LLC
  • Highway 27 (N. Monroe St.) / Interstate 10 location
  • 41,174 VPD on N. Monroe St.
  • Signalized Hard Corner Location
  • Outparcel to the Centre of Tallahassee
  • 2022 Construction

Description

Brand new Cumberland Farms C-Store proto-type south of Interstate 10. This absolute net ground lease is a redevelopment of infill legacy real estate on N. Monroe Street. This out parcel to the Centre of Tallahassee mixed-use mall conversion has never been previously offered for sale. This 3.3-acre ground lease features a 20-year lease with 8% rental increases beginning in year 10.

This 3.3 acre parcel is located at the hard corner of N. Monroe Street and Allen Road and served by a traffic light. Interstate 10 is easily accessible 1 mile north on N. Monroe Street. This parcel is an out parcel to the Centre of Tallahassee which is a former regional mall that has now been redeveloped into a mixed use office and retail center. There is a 20 years ground lease in place with 8% rental increases starting in year 10. This is a unique opportunity to acquire generational real estate.

Lot Size: 3.3 acres


Documents

Cumberland Farms Ground Lease

Map of 2447 Monroe Street, Tallahassee, FL, 32303

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