The NNN Pro Group is pleased to present the exclusive listing for the Checkers located at 802 Lake Bradford Road in Tallahassee, Florida. The site consists of roughly 1,978 rentable square feet of building space on estimated 0.42-acre parcel of land. This Checkers is subject to a 20-year absolute triple-net (NNN) lease, which will commence on August 1st, 2022. The annual rent will be $117,265 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Triple Net (NNN) Lease | Zero Landlord Responsibilities
✓ 2.00% Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Option Periods
✓ Award Winning Operator
✓ Excellent Unit-Level Sales
NNN Pro Group is pleased to present the Prime Meridian Bank located at 1471 Timberlane Road in Tallahassee, FL. The site consists of roughly 14,727 rentable square feet of building space on an estimated 1.24-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2034. The current annual rent is $294,000 and is scheduled to increase by 10%every 5 years and in each of the option periods.
✓ Long-Term Absolute NNN Lease | Full Scale Exterior and Interior Renovations in 2020
✓ 15-Year Lease Signed in 2019 | Recast of a Long-Term Lease
✓ Prime Location | Several Anchor Tenants | Trader Joe’s, Publix, CVS, Hobby Lobby
✓ Excellent Ease of Access and Visibility Off Timberline Road and Thomasville Road|Great Exposure & Visibility
✓ As of 2023, This Prime Meridian Bank Reported Total Deposits Exceeding
$472,790,000, Reflecting its Robust Presence and Trust Among Customers
✓ 65% Of Deposit Market Share For The Entire Zip Code
✓ Compelling Demographics | Over 269,000 Individuals Residing Within a Ten Mile Radius
✓ Flagship Location | This Location Makes Up 63% Of Prime Meridian Banks Total Deposits
