4380 Lafayette StMarianna, FL 32446
- Retail properties
- 600 SF
Property Details for 4380 Lafayette St
- Year built
- 2024
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 600 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly constructed (2024), 600-square-foot drive-thru coffee shop located at 4380 Lafayette St, Marianna, FL 32446. The property sits on a 0.25-acre lot and boasts a 100% occupancy rate with a 15-year absolute NNN lease in place. The lease features built-in rent bumps of 10% every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $72,000, representing a 6.00% cap rate on the $1,200,000 asking price. The tenant is an experienced quick-service restaurant operator with a proven track record. This is the only drive-thru coffee shop in Downtown Marianna, providing a unique market position. The property's location in Jackson County, Florida, offers the added benefit of no state income tax. The lease includes three, 5-year renewal options, providing long-term stability and predictable cash flow. The property's APN is 044N10034300000024. This is a turnkey investment ideal for passive income seekers. The price per square foot is $2,000.
Location Insight
- City
- Marianna
- County
- Jackson
- State
- Florida
- Latitude
- 30.7754
- Longitude
- -85.2308
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].