Retail•Strip Center•For Sale

2990 Apalachee Pkwy. at Capital Circle

2990 Apalachee Parkway, Tallahassee, Florida 32301

Sale Price $4,200,000
Sale Type Development
Stories 1
Gross Bldg 60,000 SqFt
Land Area 5.41 Acres
60,000 SF Office/Retail building on 5.41 +/- acres on the corner of Apalachee Parkway and Capital Circle SE. Currently 75% occupied by Leon County under a long-term lease (tenancy began in 2012). Great signage and access on Capital Circle and Apalachee Parkway with active retail surrounding the center. Tallahassee, Florida’s Capital City, is home to Florida State University, Florida A&M University, and Tallahassee Community College. With over 70,000 college students and the seat of state government, Florida is the 3rd largest state in the nation. Leon County is a vibrant and young population with a median age of 29.3. Tallahassee is also one of the 10 most educated cities in the country. 14,704 +/- SF available for lease at the Cross Creek Shopping Center. Great signage and access from both Capital Circle SE and Apalachee Parkway with active retail surrounding the center. Tallahassee, Florida's Capital City, is home to Florida State University, Florida A&M University, and Tallahassee Community College. With over 70,000 college students and the seat of State Government, Florida is the 3rd largest state in the nation. Leon County is a vibrant and young population with a median age of 29.3 Great location on the corner of Capital Circle and Apalachee Parkway in the Cross Creek Shopping Center with national and local retail tenants.
  • 60,000 +/- SF on 5.41 +/- Acres, built in 1980
  • 7.2% Cap Rate
  • Estimated NOI: $302,860
  • Occupancy:
  • Leon County: 45,296 SF (Supervisor of Elections)
  • Vacant: 14,704 SF
  • Low Rents
  • Daily Traffic Counts:
  • Capital Circle: Capital Circle: 39,500/ Apalachee Pkwy. 29,500
  • Zoning Commercial Parkway
  • Abundant Parking
  • Direct Access to Capital Circle & Apalachee Pkwy.
  • Adjacent to Cross Creek Shopping Center: Planet Fitness, Dollar Tree, Beef O' Brady's, & Rooms to Go
  • 14,704 +/- SF available for lease at the Cross Creek Shopping Center.
  • Great signage and access on Capital Circle and Apalachee Parkway with active retail surrounding the center
  • The tenants at Cross Creek include Room To Go, Planet Fitness, Popeyes, Dollar Tree & Beef O'Bradys.
  • Daily Traffic Count: Capital Circle SE: 41,500 Apalachee Parkway: 29,500
3/13/2019 2:10:00 PM 5/22/2019 2:40:36 PM

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