NNN Auto Parts Investment in Marianna

$2,069,767
For sale
14531 Property ID

Description

This NNN Auto Parts Investment is located in Marianna, Florida and features a single-tenant, fee-simple retail asset developed as a build-to-suit automotive parts store. Constructed in 2020, the property is fully occupied and secured by a long-term triple-net lease, offering investors stable, passive income with minimal management responsibilities.

The tenant has demonstrated strong commitment to the location through an early lease extension that runs through 2035. With more than ten years remaining on the base term and multiple renewal options, the lease structure provides long-term income visibility and built-in rent growth. The surrounding trade area benefits from steady traffic flow, strong daily vehicle counts, and supportive household income levels.

Investment Highlights

  • Lease & Location Highlights
  • 2020 build-to-suit construction designed specifically for automotive retail use
  • Early lease extension through 2035, confirming long-term tenant commitment
  • Approximately 10+ years remaining on the primary lease term
  • Fee simple ownership with 100% occupancy
  • Strong traffic exposure with daily vehicle counts exceeding 23,000
  • Average household income of approximately $76,000 in the surrounding area
  • Three 5-year renewal options with scheduled rent increases
  • Positioned within an established retail corridor serving Marianna’s primary consumer base

Tenant Highlights

  • National automotive aftermarket retailer with a broad U.S. footprint
  • Lease backed by a corporate guaranty from an investment-grade, publicly traded parent company
  • Essential-service business model with consistent operating performance
  • Proven rent payment history, including during economic downturns
  • Long-term industry demand driven by vehicle longevity and maintenance needs

Address

  • Address Marianna, FL
  • Country United States
  • Province/State
  • City/Town
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Overview

  • Property ID 14531
  • Price $2,069,767
  • Property Type
  • Property status
  • Year Built 2020
  • Sub Type Auto Shop, Convenience Store, Gas Station
  • Investment Type Net Lease
  • Lease Type NNN
  • Tenant Credit Credit Rated, Corporate Guarantee
  • Tenancy Single
  • Brand/Tenant AutoZone, Advanced Auto Parts, O'Reilly Auto Parts
  • Lease Term 15.4 years
  • Lease Commencement 07/27/2020
  • Lease Expiration 12/31/2035
  • Remaining Term 10.3 years
  • Cap Rate 6.00%
  • Occupancy 100%
  • NOI $124,186
  • Buildings 1
  • Stories 1
  • Lot Size (acres) 1.25
  • Rent Bumps 14.5% increase in O1; 7.5% increase in O2&O3
  • Lease Options Three, 5-Year Options
  • Ownership Fee Simple

Contact

Cynthia Hill

Property Agent

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