1608 Us Highway 19 S - Restaurant FOR SALE


Leesburg, GA 31763
$1,300,000 USD
912-667-5887
1608 Us Highway 19 S, Leesburg, GA for Sale
$1,300,000 USD
Restaurant - FOR SALE
1/1
null | 6.83% Cap Rate

1608 Us Highway 19 S
Leesburg, GA 31763


HIGHLIGHTS

  • Percentage rent - 15% of gross sales
  • Tenant open to new long term NNN lease
  • Strong frontage/traffic
  • High performing business with year over year growth
  • 29,000 VPD

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

6.83%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Auto Repair, Bank, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

C-2

APN/PARCEL ID

040B-284

ASK ABOUT THIS PROPERTY

Jordan KimBlokk Commercial Real EstateMore Info
912-667-5887

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Jordan KimBlokk Commercial Real EstateMore Info
912-667-5887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.