4380 Lafayette StMarianna, FL 32446

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

Other retail properties

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

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