Barton Thompson, Vice President at Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5711 Blountstown Hwy in Tallahassee, Florida. This 2,750 SF gas station was built in 1987 and recently renovated in 2023. The commercial property sold on February 16^th at a 7.84% cap rate with a contract price of $1,225,000. The lease is an Absolute NNN 20-Year lease with zero landlord responsibilities and 2.5% annual rent increase. Barton Thompson represented the Buyer in the transaction.

“This transaction represents a great opportunity for the Buyer, who transitioned out of an investment property that was not generating cash flow into a management-free investment with strong cash flow and projected revenue growth,” says Bart Thompson, Vice President at Pinnacle Real Estate Advisors. “The 20-year lease with 2.5% rental increases will provide my client with reliable and predictable income, regardless of the market’s future direction. My client is ready to start enjoying the benefits from all the equity that he has acquired over so many years.”