Mahan Plaza + Red Owl Coffee
Tallahassee, FL, 32308
| Price | $8,397,000 |
| Type | Sale |
| Size | 29,055 sf |
| Est. Cap Rate | 6.75% |
| Listed | |
| Status | Listed |
Details
Interested? Call Me!
Tracy Waters
4708 Capital Circle NWTallahassee, FL, 32303
| 850-545-2282 | |
| twaters@teampcg.com |
Lic. BK658092
Premier Commercial Group proudly presents an exceptional opportunity: Mahan Plaza and its out parcel in Tallahassee, Florida. This combined sale includes a fully occupied 17-unit shopping center with long established tenants, and a 705-square-foot out parcel, currently leased by Red Owl Coffee under a newly signed10-year NNN agreement. Renovated to modern standards, Mahan Plaza enjoys prime positioning along E Tennessee Street, one of the city's busiest roads, and is minutes away from an I-10 interchange. With established tenants and strategic location, this offering represents a lucrative investment in Tallahassee's thriving commercial landscape.
PROPERTY HIGHLIGHTS
- 29,055 SF (combined) modern retail plaza and free-standing building
- 18 fully occupied units, providing stable income
- Plaza renovated in 2023 with out-parcel built in 2024, offering contemporary amenities
- Prime location at a prominent Tallahassee intersection
- Credit franchisee of a well-established national brand
- Boasts high visibility and accessibility for customers
- Ideal investment opportunity with 100% occupancy
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