Checkers

Checkers

Checkers
1808 South Monroe St
Tallahassee, Florida, 32301

$1,280,000

Cap Rate 6.25%
Gross Leasable Area (GLA) 1,225 Sq.Ft.
Price Per Square Foot (GLA) $1,044
Year Built N/A
Lot Size 0.73 Acres
  • Tallahassee is the Capital of Florida and the Seventh Largest City in the State
  • Situated Half a Mile from Florida A&M University and Two Miles from Florida State University
  • South Monroe is Home to a Large Number of National Retailers and Restauranteurs
  • Strong Demographics and Population Growth in the Immediate Area
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Checkers (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

The subject property is a checkers located at 1808 South Monroe Street in Tallahassee, Florida. Tallahassee is the capital of Florida and the seventh largest city in the state. Located in the Florida Panhandle, Tallahassee is a place where college town meets cultural center, politics meet performing arts and history meets nature, a place where the vibrancy of what to do is matched only by the city’s inviting hospitality.

The property is surrounded by a large amount of national and local tenants. The tenants include Walgreens, O’Reilly Auto Parts, Advanced Auto Parts, Marathon, U-Haul, Sunoco, Avis, Starbucks, Wells Fargo, and Subway. Additionally, within a five mile radius this property has access to a population of more than 160,000 people. The population has grown by a strong 20 percent since 2000 and is expected to continue to grow at a fast rate.

This Checkers property is situated on South Monroe Street only half a mile from Florida A&M University. Florida A&M University has a total enrollment of nearly 10,000 students and is one of the top picks for providing a high quality education at an affordable price in Florida, according to The College Database in 2013. Tallahassee is also home to Florida State University, ranked the nation’s forty-third best public university by United States News and World Report and has a total enrollment of roughly 42,000 students. Additionally, Tallahassee Community College is a large community college which serves mainly as a feeder school to both Florida State and Florida A&M. Tallahassee qualifies as significant college town with a student population exceeding 70,000.

Tallahassee is a center for trade and agriculture in the Big Bend |(Florida) region and Southwest Georgia and is served by Tallahassee International Airport and Interstate 10. As a capital city, Tallahassee is home to the Florida State Capitol, Supreme Court of Florida, Florida Governor’s Mansion, and nearly 30 state agency headquarters.

 

For More Information, Please Contact:

James Medefind

Vice President Investments
(813) 387-4788
James.Medefind@marcusmillichap.com