QuikTrip 3214 Us-278 4,636 SF Retail Building Covington, GA 30014 $4,550,000 ($981.45/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Lease with 4.1 Years Remaining
- Signalized Hard Corner Location on US Highway 278 and Highway 81; Combined Traffic Counts Exceed 38,848 Vehicles per Day
- Oversized 2.60 Acre Parcel (113,256 SF)
- Dense Retail Corridor – Near Newton Plaza, A 262,792-SF Center Anchored by Kroger, Big Lots, and Planet Fitness
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Covington, GA. The property consists of a 4,636-square-foot, freestanding building that sits on approximately 2.60 acres of land. There are 4.1 years remaining on the lease with rental increases of $6,384/year at each option.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,636 SF
Building Class
B
Year Built
2003
Price
$4,550,000
Price Per SF
$981.45
Cap Rate
6%
NOI
$272,988
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.60 AC
Zoning
C1
Parking
14 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C024000040001000 | Improvements Assessment | $228,760 |
| Land Assessment | $217,480 | Total Assessment | $446,240 |
CONTACTS
-
Vincent Knipp -
Jake Stammen -
Salim Bhaidani -
Ryan Wolf -
Knipp Wolf Net Lease Group | Marcus & Millichap
