Shell NNN Property For Sale — Tallahassee, FL
5711 Blountstown Hwy, Tallahassee, FL 32310
This fully remodeled 6-pump Shell gas station with a signature convenience store is an exceptional investment opportunity located in the heart of Tallahassee, FL. Situated just minutes from the State Capitol Building, Tallahassee International Airport, and Florida State University, and positioned at a signalized intersection with substantial traffic, this property offers excellent visibility and accessibility. The offering includes a 6-pump service station and a fully remodeled Shell Signature Store. There is a brand new 20-year absolute NNN lease in place, with the lease to be signed at closing. The initial rental rate begins at $8,000 per month, escalating by 10% every five years throughout the 20-year term. Additionally, the lease includes two 5-year options to extend. The current cap…
- Address: 5711 Blountstown Hwy, Tallahassee, FL 32310
- Asking price $1.27M
- 7.50% cap rate
- NOI $95,625
- 20 years remaining
- NNN lease
- Year built: 1987
- Building size: 2,750 SF
- Lot size: 0.70 acres
- Rent increases: 2023: $8,000/month ($96,000/year); 2028: 10% increase (8.3% cap rate); 2033: 10% increase (9.1% cap rate); 2038: 10% increase (10% cap rate); …
- Guarantor: Corporate
Location
This Shell property is at 5711 Blountstown Hwy in Tallahassee, Florida.
Asset type: Retail