Cintas – 7% Cap – 41% Rent Bump
Description
Cintas – 7% Cap – 41% Rent Bump in Marianna, FL
Recent Improvements – Recent interior and exterior improvements to ensure the tenant remains comfortable and continues to operate successfully. Tenant contributed to the cost of these improvements.
Corporate-Backed Lease – The lease is guaranteed by Cintas Corporation, a publicly traded company, reducing risk for the landlord.
Credit Rating — Cintas Corp. has a credit rating of A- by S&P Global Ratings
Strategic Location – The property benefits from proximity to Hwy 10 and Hwy 90, offering excellent regional connectivity and ease of transportation.
NNN Lease – Tenant shall be charged as Additional Rent if the Landlord undertakes any Roof & HVAC replacements, with the cost paid by the Tenant as an amortized share annually. Tenant handles all other responsibilities direct.
Recent 5-Year Lease Extension – The tenant has committed to an additional lease term, reflecting confidence in the location and strong business performance.
Multiple Lease Extensions – The tenant has consistently exercised renewal options, further reinforcing long-term stability and continued operations. Tenant has been operating since 2003
Expansion In 2016 – Originally on 1.34 acres with 8,500 SF, the tenant requested an additional 0.72 acres, expanding the site to 2.06 acres and the building to 14,500 SF for enhanced operations and parking flexibility.
Address
Overview
- Property ID 13620
- Price $1,424,700
- Property Type Industrial, Retail, Warehouse
- Property status For sale
- Size 14,500 SqFt
- Subtype Distribution, Flex, Warehouse
- Lease Type NNN
- Tenant Credit Credit Rated, Corporate Guarantee
- Tenancy Single
- Brand/Tenant FedEx, Amazon, Cintas
- Lease Expiration 01/31/2030
- Remaining Term 4.5 years
- Cap Rate 7.00%
- Occupancy 100%
- NOI $99,729
- Year Renovated 2025
- Lot Size (acres) 2.06
- Rent Bumps Current Rent: $99,729 | 1st Option Period: $140,322 | 2nd Option Period: $151,548
- Broker Co-Op Yes
- Lease Options (2) 5-Year
