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    2960 Penn Ave Marianna, FL

    For Sale
    $1,150,685

    Single-tenant auto repair building with long-term corporate lease.

    Property size:
    7,858 SF
    Lot size:
    0.57 Acres

    Property Features for 2960 Penn Ave

    General Information

    Size
    7,858 SF
    Lot size
    0.57 Acres

    Source: Matthews Real Estate Investment Services | Phoenix Agent Samuel Griffeth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marianna Auto Repair Investment Property

    This strategic retail property features a 7,858-square-foot single-tenant auto-repair building, constructed in 2000, situated on a 0.57-acre lot. Classified as Class C retail, the property is suitable for generating stable income from auto services. The property is located within Marianna city limits along Penn Ave, near US-90 and I-10 exit 136, providing regional connectivity and traffic flow. Marianna has experienced modest population growth of approximately 2% from 2022 to 2023, along with a steady increase in median household income, rising by about 33% to $66,000. The tenant, Classic Collision, is backed by private equity firm TPG, acquired in April 2024. The corporate guarantee NN+ lease has approximately 8.75 years of term remaining, with landlord responsibilities limited to the roof and structure. The essential, recession-resistant auto service tenant makes this an attractive investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    John Bryan's Automotive Inc., Marianna Toyota Service, Marianna Toyota Parts, Bryant's Enterprises BP, The Purple Tire Shop

    Location Insight

    • Map
    • Local Demand
    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.2268735
    Latitude
    30.7743596

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    FAQs

    What type of property is this?
    Auto shop - Single-tenant auto repair building with long-term corporate lease.
    Where is this auto shop located?
    The property is located at 2960 Penn Ave Marianna, FL.
    What is the asking price?
    The asking price for this property is $1,150,685.
    What are key features of this property?
    This property features: - Corporate Guarantee NN+ Lease with ±8.75 Years of Term Remaining, limiting landlord responsibilities to Roof and Structure only.; - Private Equity Backed Tenant: Classic Collision was purchased by TPG, the 4th largest PE firm in the world, in April 2024.; - Strategic retail property suitable for stable income from auto services: 7,858 SF single-tenant auto-repair building on a 0.57 acre lot.
    (574) 270-0361
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    2960 Penn Ave Marianna, FL
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    Marianna, FL
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2960 Penn Ave Marianna, FL
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