Tallahassee, FL 32301

Chuy's Ground Lease

Property Address

904 East Lafayette Street, Tallahassee, FL, USA

Offering Summary

  • Price: $5,400,000
  • Lot Size: 1.96 Acres
  • Cap Rate: 6.0%
  • Year Built: 2015
  • Building SF: 7,375
  • Status: Available
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  • 11 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years - Next Increase Occurs June 2021
  • 167,934 Residents within a 5-Mile Radius - Infill Tallahassee
  • Corporate Lease Guaranteed by Chuy’s Holdings, Inc.
  • Located in Dense Retail Corridor - Surrounding National Retailers Include Best Buy, Michaels, Dollar Tree, Bed Bath & Beyond, Target, and More
  • Walking Distance from Florida State Capitol
  • Excellent Access and Visibility Along Lafayette Street (31,100+ Cars/Day)
  • Less Than 2 Miles from Florida State University (32,800 Students) and Florida A&M University (9,600 Students)

Broker Information