2960 Penn Ave - Auto Repair FOR SALE
Marianna, FL 32448 |
$1,150,685 USD
574-270-0361
2960 Penn Ave
Marianna, FL 32448
HIGHLIGHTS
- Strategic retail property: The asset is a 7,858 SF single-tenant auto-repair building on a 0.57 acre lot, built in 2000, class C retail
- Access & visibility: Positioned in Marianna city limits along Penn Ave, near US-90 and I-10 exit 136, offering solid regional connectivity and traffic
- Stable population with growth – Marianna has seen modest population growth (~2% from 2022–23), steady median household income rising ~33% to $66K
- Private Equity Backed Tenant: Classic Collision was purchased by the 4th largest PE firm in the world, TPG in April of 2024.
- Corporate Guarantee NN+ Lease with ±8.75 Years of Term Remaining: The landlord responsibilities are limited to the Roof and Structure only
FOR SALE DETAILS
PRICE
$1,150,685 USD
PRICE/SF
$174 USD /SF
CAP RATE
7.3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
undefined, Auto Dealership, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.57 AC
LAND SF
24,960 SF
ZONING
-
APN/PARCEL ID
05-4N-10-0000-0050-0040
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574-270-0361
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574-270-0361
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