Net-Leased Auto Service
15 Bailey Station Newnan, GA 30277
For Sale
Contact for pricing
Pending
Newly constructed 2018 Havoline Xpress property on an absolute triple-net lease with zero landlord responsibilities.
Property Size2,190 SF
Days on Market108
Property Features for 15 Bailey Station
General Information
Standard status
Pending
Size
2,190 SF
Property subtype
Retail
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 26 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
Exclusively marketed for sale, this single-tenant Havoline Xpress net-leased automotive service property was newly constructed in 2018. The 2,190-square-foot building is governed by an absolute triple-net lease with zero landlord responsibilities. The lease includes more than 13 years remaining, with 10% rental escalations in year six and year eleven. Two additional 5-year renewal options are also included, each featuring 10% rental escalations.
The location is positioned along GA-34 (29,430 VPD), a primary east-west thoroughfare, with excellent visibility. The trade corridor includes Publix, Kroger, Chick-fil-A, Piedmont Healthcare, Walgreens, Starbucks, Dunkin’ Donuts, and Bank of America. Newnan, in the Atlanta MSA and approximately 40 miles southwest of Atlanta, is supported by 22,000+ people within three miles and an average household income of $107,791.
The lease is corporately guaranteed by Grease Monkey, which operates over 300 service centers and serves more than 2 million customers each year. Havoline Xpress Lube provides car care services including fluid, filter and tire maintenance, as well as brake services.
The location is positioned along GA-34 (29,430 VPD), a primary east-west thoroughfare, with excellent visibility. The trade corridor includes Publix, Kroger, Chick-fil-A, Piedmont Healthcare, Walgreens, Starbucks, Dunkin’ Donuts, and Bank of America. Newnan, in the Atlanta MSA and approximately 40 miles southwest of Atlanta, is supported by 22,000+ people within three miles and an average household income of $107,791.
The lease is corporately guaranteed by Grease Monkey, which operates over 300 service centers and serves more than 2 million customers each year. Havoline Xpress Lube provides car care services including fluid, filter and tire maintenance, as well as brake services.
Key Highlights
- Single‑tenant absolute triple‑net lease with zero landlord responsibilities
- Over 13 years remaining on the lease with 10% rental escalations in year 6 and year 11
- Includes two 5‑year renewal options, each with 10% rental escalations
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Auto shop - Newly constructed 2018 Havoline Xpress property on an absolute triple-net lease with zero landlord responsibilities.
Where is this auto shop located?
The property is located at 15 Bailey Station Newnan, GA.
What are key features of this property?
This property features: Single‑tenant absolute triple‑net lease with zero landlord responsibilities; Over 13 years remaining on the lease with 10% rental escalations in year 6 and year 11; Includes two 5‑year renewal options, each with 10% rental escalations
