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The Nlag Advantage
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Covington, GA 30014
Walgreens
Property Address
3188 Hwy 278 NE, Covington, GA, USA
Offering Summary
Price:
$7,103,000
Lot Size:
1.8
Cap Rate:
7%
Year Built:
2012
Building SF:
14,820
Status:
Available
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Absolute Triple-Net (NNN) Lease with Over 12 Years Remaining on Lease Term and Multiple Renewal Options
Corporate Guaranty by Walgreens, the Largest Drug Retailing Chain in the U.S.
50,502 Residents within a Five-Mile Radius - Growing Trade Area in the Atlanta MSA
Hard Corner Location, Accessible by 45,000+ Combined Cars per Day via US Highway 278 and Elm Street NE
Less Than One Mile from Piedmont Newton Hospital, a 107-Bed Facility Staffed by 800+ Employees and 500+ Physicians
Highly Visible and Easily Accessible Location Along US Highway 278
One Mile Off Interstate 20, Providing a Direct Route to Atlanta
Located Along a Dense Retail Corridor Just North of Downtown Covington - Notable Retailers Include Kroger, Planet Fitness, Ross, and Ace Hardware
Less Than Two Miles South of Oxford College of Emory University (1,060 Students)
Average Household Income Exceeds $84,000 in the Surrounding Area
Broker Information
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
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