Description

Avis & Budget at W Tennessee is a single-tenant retail investment at 3108 West Tennessee Street in Tallahassee, FL. The 820 SF freestanding building is 100% occupied by Avis & Budget Rent a Car, putting an identified national tenant at the center of the offering.

Built in 1991 and renovated in 2024, the building sits on 0.61 acres with 14 parking spaces. Its triple-net lease places the tenancy, rather than a vacant-space plan, at the center of the investment. For a buyer focused on retail income, the compact building and larger site make the tenant’s occupancy and use of the property central to the story.

West Tennessee Street is a primary Tallahassee corridor for automotive dealerships and national retail. The property has frontage on the street, placing Avis & Budget among businesses serving motorists along the corridor. Mercedes-Benz, AutoZone and Advance Auto Parts reinforce that automotive setting, while Home Depot, Walgreens and Capital City Bank add established retail and service neighbors. That mix gives the location a context tied directly to the tenant’s rental-car operation.

The asking price is $1,296,000, with $86,151 in NOI and a 6.65% cap rate. Those figures give a net-lease buyer a starting point grounded in the occupied property and its existing tenant, while the West Tennessee Street setting adds context for the tenant’s position. The Offering Memorandum is among the Offering Materials for a closer look at the investment.