Do not disturb tenant | 10714 Covington by Pass Rd
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Do not disturb tenant 10714 Covington by Pass Rd
10,000 SF Retail Building Covington, GA 30014 $1,250,000 ($125/SF)
Investment Highlights
- Just off of Covington Bypass providing great access in all directions
Executive Summary
Do not disturb tenant.
This 10,000 square foot building fronts Bypass Road in Covington, Georgia. The building is leased to The Newton County Board of Education. The government tenant is in their seventh year of a yearly renewal term of their lease. Newton County Board of Education uses this facility for the local public school system to keep their at risk or alternative students progressing toward high school completion. Retaining and moving these students toward their diploma allows the County to maintain federal and state funds for these students.
Under the lease, the landlord is responsible for maintenance of the parking area, roof and exterior walls, excluding doors, and windows, of the building. The tenant reimburses the cost of property taxes, property insurance, termite bond, and water meter back flow testing, all of the utilities that serve the property are paid by and currently in the name of the tenant. The tenant maintains and repairs the interior area of the building and provides the landscaping maintenance.
The building is located at 10714 Covington Bypass Road, Covington, GA. Directions from Atlanta: Take I20 East toward Augusta, take exit 93 onto Hwy 142, and take a right off of the ramp onto Hwy 142. Go about 4 miles and the property will be on your right.
Building was repainted in 2022. DO NOT disturb tenant.
This 10,000 square foot building fronts Bypass Road in Covington, Georgia. The building is leased to The Newton County Board of Education. The government tenant is in their seventh year of a yearly renewal term of their lease. Newton County Board of Education uses this facility for the local public school system to keep their at risk or alternative students progressing toward high school completion. Retaining and moving these students toward their diploma allows the County to maintain federal and state funds for these students.
Under the lease, the landlord is responsible for maintenance of the parking area, roof and exterior walls, excluding doors, and windows, of the building. The tenant reimburses the cost of property taxes, property insurance, termite bond, and water meter back flow testing, all of the utilities that serve the property are paid by and currently in the name of the tenant. The tenant maintains and repairs the interior area of the building and provides the landscaping maintenance.
The building is located at 10714 Covington Bypass Road, Covington, GA. Directions from Atlanta: Take I20 East toward Augusta, take exit 93 onto Hwy 142, and take a right off of the ramp onto Hwy 142. Go about 4 miles and the property will be on your right.
Building was repainted in 2022. DO NOT disturb tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2011
Price
$1,250,000
Price Per SF
$125
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.33 AC
Opportunity Zone
Yes
Zoning
CH - commercial
Parking
44 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
200 FT on Covington Bypass Rd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0064B00000112000 | Improvements Assessment | $231,040 |
| Land Assessment | $20,000 | Total Assessment | $251,040 |
PROPERTY TAXES
Parcel Number
0064B00000112000
Land Assessment
$20,000
Improvements Assessment
$231,040
Total Assessment
$251,040
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Do not disturb tenant | 10714 Covington by Pass Rd
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