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