NN+ Leased Auto
For Sale
$1,217,000
1613-1619 Leesburg Road, Columbia, SC 29209
2020-built auto care property offered in fee simple with an NN+ lease and 19 years remaining.
Property Size4,770 SF
Days on Market8
Property Features for 1613-1619 Leesburg Road
General Information
Standard status
Active
Size
4,770 SF
Property subtype
Retail
Building Details
Building Size
4,770 SF
Year Built
2020
Tenancy
Single
Listing Agency:
(253) 906-5221
Listed By:
Dave Faris
(253) 906-5221
Source:
Srsre
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 5 at 3:55AM
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 Dave Faris
Investment Insights
Based on property information with market context.
Southeast Auto Care investment opportunity offered as fee simple ownership (land and building) in an NN+ leased southeast auto care auto shop property. The property was built in 2020 and is occupied by Southeast Auto Care, LLC. The lease is structured as NN+ with minimal landlord responsibilities, supporting a low-touch ownership model.
The original 25-year net lease commenced in 2020 and runs through 2045, providing approximately 19 years of remaining term with no near-term rollover risk. Lease terms include 2.5% annual rental increases throughout the initial term.
The offering is presented as a long-term, leased asset with contracted occupancy and embedded annual increases under the NN+ structure, located at 1613-1619 Leesburg Road in Columbia, South Carolina.
The original 25-year net lease commenced in 2020 and runs through 2045, providing approximately 19 years of remaining term with no near-term rollover risk. Lease terms include 2.5% annual rental increases throughout the initial term.
The offering is presented as a long-term, leased asset with contracted occupancy and embedded annual increases under the NN+ structure, located at 1613-1619 Leesburg Road in Columbia, South Carolina.
Key Highlights
- 2020‑built auto care property sold as fee simple (land and building)
- NN+ lease with minimal landlord responsibilities
- Original 25‑year net lease commenced 2020 and runs through 2045
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.0k | $21.60 |
| − Vacancy | −$6.2k | −$1.30 |
| EGI | $96.9k | $20.30 |
| − OpEx | −$29.1k | −$6.09 |
| NOI | $67.8k | $14.21 |
4,770 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$968.5K
$847.4K – $1.13M
NOI $67,795 @ 7.0% cap · market cap 5.57%
Second Best
Industrial
$832.0K
$728.0K – $970.7K
NOI $58,239 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,220 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
4,455 visits/mo
0.1 miles
Wash World
Shops & Services
1,559 visits/mo
0.2 miles
Demographics for 29209, SC
35,738
Population
16,520
Households
2.2
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
52.8 sq mi
ZIP Area
677
Density / Sq Mi
$58,854
Median Household Income
$38,756
Median Earnings
$1,252
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Retail in Columbia, SC
Questions? Ask Rey
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Similar Off Market Nearby
- Brakes-4-Less — 7454 Garners Ferry Rd, Columbia, SC 29209
- Hawg Wild Cycles — 1507 Leesburg Rd, Columbia, SC 29209
- Southeast Automotive — 1619 Leesburg Rd, Columbia, SC 29209
Frequently Asked Questions
What type of property is this?
Auto shop - 2020-built auto care property offered in fee simple with an NN+ lease and 19 years remaining.
Where is this auto shop located?
The property is located at 1613-1619 Leesburg Road Columbia, SC.
What is the asking price?
The asking price for this property is $1,217,000.
What are key features of this property?
This property features: 2020‑built auto care property sold as fee simple (land and building); NN+ lease with minimal landlord responsibilities; Original 25‑year net lease commenced 2020 and runs through 2045
