DeFuniak Springs Retail Investment
Description
This retail net lease investment in DeFuniak Springs, FL offers long-term income stability backed by a corporate-guaranteed NNN lease and a nationally recognized automotive service brand.
Marketing Description
This newly constructed retail asset is situated on approximately 0.62 acres and features 1,682 square feet of rentable building space. The property is secured by a 20-year triple-net lease that commenced in late 2025, providing investors with predictable, long-term cash flow and minimal management responsibilities. Annual rental income is supported by scheduled 1.5% increases beginning in 2031, ensuring steady income growth over the life of the lease.
The asset benefits from a strong corporate lease guaranty, reinforcing tenant credit quality and reducing investment risk. With fee simple ownership and full NNN lease structure, the tenant is responsible for taxes, insurance, and maintenance, making this a highly passive investment opportunity suited for both individual and institutional investors.
Investment Highlights
- Corporate-Guaranteed Lease – Backed by a parent organization operating thousands of automotive service locations nationwide, providing strong credit support.
- Long-Term NNN Lease – Over 20 years of remaining lease term with zero landlord responsibilities.
- Recession-Resistant Business Model – Oil change services are essential, recurring maintenance needs that remain consistent through economic cycles.
- Strong Industry Growth – The automotive service sector continues to expand due to increasing vehicle counts and longer vehicle ownership periods.
- Growing Vehicle Age Trend – With the average age of U.S. vehicles at record highs, demand for routine maintenance services continues to rise.
- New Construction – Built in 2025, limiting near-term capital expenditures and supporting long-term asset durability.
Address
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Address DeFuniak Springs, FL
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Country United States
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Province/State Florida
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City/Town DeFuniak Springs
Overview
- Property ID 14490
- Price $2,256,157
- Property Type Retail
- Property status For sale
- Year Built 2025
- Size 1,682 SqFt
- Sub Type Auto Shop
- Investment Type Net Lease
- Lease Type NNN
- Tenant Credit Corporate Guarantee
- Tenancy Single
- Brand/Tenant Take 5 Oil Change
- Lease Term 20.1 years
- Lease Commencement 11/04/2025
- Lease Expiration 11/30/2045
- Remaining Term 20 years
- Price per SqFt $1,341.35
- Cap Rate 5.75%
- Occupancy 100%
- NOI $129,729
- Lot Size (acres) 0.62
