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4040 Lagniappe Way
Tallahassee, FL 32317 Buck Lake

$2,439,000 USD

Restaurant For Sale  •  6,212 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,540 SF
  • Lot Size 1.36 AC
  • Building Class B
  • Year Built 2016
  • Tenancy Single
  • Zoning C
30 Transit Score
40 Walk Score

Highlights

15+ YEAR CORPORATE NNN LEASE: Zero Landlord Responsibilities – No State Income Tax – Recent Ext. – 15+ Years Remaining
HEDGE AGAINST INFLATION: Newly Executed Lease Has 1.5% Annual Rental Increases on Primary & Option Terms
LOW RENT – STRONG RESIDUAL VALUE: Applebee’s AUV Is 2.9M W/ Rent Of Only $150,000 | QUALIFIES FOR 100% BONUS DEPRECIATION: Contact Listing Agent
EXCELLENT VISIBILITY & ACCESS: Frontage on Lagniappe Way & Visibility From Mahan Dr - 40,000+ Combined VPD
AFFLUENT SURROUNDING AREAS: 50,000+ People With An AHHI Of $90,000+ Within 3 MI Radius
OUTPARCEL TO FALLSCHASE VILLAGE CENTER: Top 98th Percentile Shopping Center Statewide – Placer AI

Amenities

  • Restaurant

Public Transportation

AirportDriveWalkDistance
Tallahassee International 23 min - 11.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 90
Type: Surface
Included in Rent: Yes
Scott Sandelin 786-522-7009 The Sandelin Group
Scott Sandelin 786-522-7009 The Sandelin Group