For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

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

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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message