Crawfordville - Beach Property For Sale #6580669

This new construction retail property is a NNN Lease, 2 Tenant QSR with Drive Thru and 300 Ft Rd frontage. National brands, Firehouse Subs and Dunkin' Donuts, with highly reputable franchisee operators are on long term leases within this center. Crawfordville is the epicenter of Wakulla County and the fast growing submarket of the Greater Tallahassee market area. With excellent school systems and lots of developable land for residential developers, the rooftops continue to expand exponentially each year for middle class families that live, work, and eat in the area. The local, regional, and tourism traffic continues to grow on Hwy 319 as the major thoroughfare which is being widened between Tally & the Gulf Coast is now boasting a traffic count of over 17,500 ADA. Tenant does have a first right of refusal on any sell transaction. Build out is being completed currently with Dunkin already open, and Firehouse Subs plans to open by the end of September. CO's have already been issued for the overall building site and structure with LL responsibility satisfied. The current NOI on Leases are $135,000 (5.19% CAP Rate) with an initial term through 2035 with 10% rent increases every 5 years and 3 renewal options.