For Sale
$2,069,767

4487 Lafayette StMarianna, FL 32446

High-Yield NNN Auto Parts Portfolio

Overview

Added:
Feb 13
Days on market:
50
This exceptional investment opportunity presents a fee-simple, 8,000 square foot retail property in Marianna, Florida. The property, built in 2020, is currently 100% occupied by a portfolio of nationally recognized auto parts retailers including Advance Auto Parts, AutoZone, O'Reilly Auto Parts, and AutoNation, under a triple-net (NNN) lease structure. The lease, which commenced July 27, 2020, and extends to December 31, 2035, offers a substantial remaining term of 11 years, with three 5-year renewal options. Rent increases are built into the lease, with a 14.5% increase in the first option and 7.5% increases in the second and third. The property boasts a strong net operating income (NOI) of $124,186, resulting in a compelling 6.00% cap rate. Situated on a 1.25-acre lot at 4487 Lafayette St, Marianna, FL 32446, the property benefits from high daily traffic counts exceeding 23,447 vehicles and is strategically located near other national retailers such as Winn-Dixie, Family Dollar, Wells Fargo, and Walgreens. The tenant, Advance Auto Parts, is a credit-rated, investment-grade corporation providing a strong guarantee for the lease. This is a rare opportunity to acquire a high-performing, low-risk retail investment with significant long-term growth potential. The average household income in the area is $76,459 annually. The property's prime location and strong tenant occupancy make it an attractive investment for discerning buyers.

Highlights

  • $2,069,767 asking price for a net-leased retail property.
  • 8,000 square foot building on a 1.25-acre lot, built in 2020.
  • 100% occupancy with a single tenant: Advance Auto Parts, a credit-rated, investment-grade tenant (S&P: BBB-) with a corporate guarantee.
  • 11-year remaining lease term (through 12/31/2035), with three 5-year renewal options including rent bumps (14.5% in Option 1; 7.5% in Options 2 & 3).
  • $124,186 annual net operating income (NOI), representing a 6.00% cap rate.
  • Located at 4487 Lafayette St, Marianna, FL 32446, near other national retailers including Winn-Dixie, Family Dollar, Wells Fargo, AutoZone, and Walgreens.

Property Details for 4487 Lafayette St

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,000 SF
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Marianna
County
Jackson
State
Florida
Latitude
30.773695241026
Longitude
-85.22228165478
4487 Lafayette St, Marianna, Florida

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4487 Lafayette St
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