Description

Swig at Capital Hill Plaza is a single-tenant retail investment at 2320 Capital Circle NE, Building 3, in Tallahassee, FL. Its 4,696 SF of gross leasable area is leased to Swig Soda Company for the brand’s first North Florida location.

The triple-net lease places responsibility for taxes, insurance, and maintenance with the tenant, giving an investor a defined allocation of property expenses. Rent commences October 1, 2026. The primary term runs 10 years, with a rent increase during that term and four renewal options. Within Capital Hill Plaza, the building sits alongside other retail and service uses, including Dunkin’, Smoothie King, Avis / Budget, CubeSmart Self Storage, and Ace Hardware.

Capital Circle NE carries a traffic count of 60,000 AADT, giving the location exposure to passing vehicles as well as visitors to the plaza. The site is minutes from the I-10 interchange and the Canopy master-planned community. Those connections place Swig near commuter routes and surrounding residential areas, while the mix of businesses at Capital Hill Plaza gives customers reasons to visit the center beyond a single stop.

The asking price is $1,818,181, with a 5.50% cap rate. For a retail investor, the proposition is a leased single-tenant building with a triple-net expense structure and a tenant establishing its first North Florida location. The lease terms and Capital Circle NE setting give buyers a basis for reviewing both the income arrangement and the property’s position within the plaza. Review the Offering Memorandum for the transaction.