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1608 Us Highway 19 S 2,251 SF Retail Building Leesburg, GA 31763 $1,300,000 ($577.52/SF) 6.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Percentage rent - 15% of gross sales
- Strong frontage/traffic
- 29,000 VPD
- Tenant open to new long term NNN lease
- High performing business with year over year growth
EXECUTIVE SUMMARY
Blokk Commercial Real Estate is pleased to present the corporate American Lube Fast property, a single-tenant automotive service center located along Highway 19, one of Leesburg’s most active and visible retail corridors (29,000+ VPD). Situated on 0.62 acres and surrounded by major national retailers such as Publix, Walgreens, Chick-fil-A, and Zaxby’s, the property offers excellent frontage, access, and long-term stability. The tenant operates under a percentage lease, paying 15% of gross sales and covering all expenses except property taxes and insurance. With a lease renewal opportunity and the potential to convert to a true NNN structure, this asset offers both immediate income and long-term upside for investors seeking dependable yield in a growing South Georgia market.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,251 SF
Building Class
C
Year Built
2002
Price
$1,300,000
Price Per SF
$577.52
Cap Rate
6.83%
NOI
$88,790
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.62 AC
Zoning
C-2 - The C-2 zone is intended to accommodate a broader range of commercial and entertainment uses compared to lower-intensity districts.
Frontage
220’ on US HWY 19
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 040B-284 | Improvements Assessment | $74,360 |
| Land Assessment | $24,800 | Total Assessment | $99,160 |
PROPERTY TAXES
Parcel Number
040B-284
Land Assessment
$24,800
Improvements Assessment
$74,360
Total Assessment
$99,160
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1608 Us Highway 19 S
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