4487 Lafayette StMarianna, FL 32446

Property Details for 4487 Lafayette St

Year built

2020

Construction

STEEL FRAME

Lot size

1.24 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

03-4N-10-0346-0000-1511

APU

034N10034600001511

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,401,490

  6.5%

  $1,293,683

  7%

  $1,201,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,433,174

  Geo Method

  $1,433,174

• Alternative Use

  Use

  Valuation

  Residential

  $1,091,270

  Hospitality

  $999,598

  Educational

  $831,654

  Medical

  $860,255

  Retail

  $1,293,683

Location Insight

City

Marianna

County

Jackson

State

Florida

Latitude

30.7734

Longitude

-85.2219

Property Tax & Assessments

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