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    NNN Auto Service Investment Title is generated by Realmo AI

    1608 US HWY 19 S, Leesburg, GA 31763

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    Corporate NNN lease on a Highway 19 auto service site, with long-term terms and scheduled rent escalations.

    Type:Retail, Mixed Use
    Lot size:
    0.62 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:08 am

    Property Features for 1608 US HWY 19 S

    General Information

    Standard status
    Active
    Lot size
    0.62 Acres
    Property subtype
    Retail, Mixed Use

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Traver Vliem
    Traver Vliem

    Listing agent Traver Vliem License #GA 408753

    Listing office Blokk Commercial Real Estate

    Listing date Jun 3, 2026

    Source Crexi

    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 Blokk Commercial Real Estate

    HighLights

    • 2002‑built corporate NNN property leased to Grease Monkey International, LLC
    • Freshly signed 15‑year NNN lease commencing May 2026, with potential term through 2061 via four 5‑year renewals
    • Lease includes 10% rent escalations every five years
    • Located on 0.62 acres along US‑19/Highway 19 with 29,000+ VPD reported
    • Property is in a retail corridor with co‑tenants including Publix, Walgreens, Chick‑fil‑A, and Zaxby's

    Overview

    Blokk Commercial Real Estate presents a corporate NNN investment opportunity at 1608 US-19 in Leesburg, Georgia, leased directly to Grease Monkey International, LLC. The property is positioned on 0.62 acres along Highway 19 and is covered by a newly executed 15-year NNN lease. The lease is set to commence May 2026, with four additional 5-year renewal options.

    The site is located on one of Leesburg’s most active retail corridors, with traffic reported at 29,000+ VPD. The property is surrounded by national co-tenants including Publix, Walgreens, Chick-fil-A, and Zaxby’s, supporting a consistent retail environment.

    For investors seeking a NNN structure with a direct corporate tenant, this offering combines lease certainty with built-in income growth. The lease includes 10% rent escalations every five years, which can help create predictable, increasing rent over the initial term and renewal periods. With an automotive service use tailored to preventive maintenance and quick lube concepts, the asset aligns with needs-based demand for routine vehicle service while maintaining low landlord involvement under the NNN framework.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic Daycare Center

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

    Similar Places Nearby

    • Sunbelt Ford of Albany, Inc. Service — 2926 N Slappey Blvd, Albany, GA 31701
    • Premier Autoworks — 2917 N Slappey Blvd, Albany, GA 31701
    • Swift Automotive — 1800 Ledo Rd, Albany, GA 31707
    • Paint Pro Towing — 2804 Wilmar Ln, Albany, GA 31707
    • Ford Service — albany, ga 31701

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lee
    State
    Georgia
    Longitude
    -84.177535
    Latitude
    31.628896

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    FAQs

    What type of property is this?
    Auto shop - Corporate NNN lease on a Highway 19 auto service site, with long-term terms and scheduled rent escalations.
    Where is this auto shop located?
    The property is located at 1608 US HWY 19 S Leesburg, GA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 2002‑built corporate NNN property leased to Grease Monkey International, LLC; Freshly signed 15‑year NNN lease commencing May 2026, with potential term through 2061 via four 5‑year renewals; Lease includes 10% rent escalations every five years
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Traver Vliem
    Traver Vliem
    Real Estate License ID: GA 408753
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    1608 US HWY 19 S, LEESBURG, GA
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