11700 Town Center dr - Fast Food FOR SALE


Covington, GA 30014
$3,135,000 USD
310-750-7175
11700 Town Center dr, Covington, GA for Sale
$3,135,000 USD
Fast Food - FOR SALE
1/5
null | 6.51% Cap Rate

11700 Town Center dr
Covington, GA 30014


HIGHLIGHTS

  • 20-Year Absolute NNN Lease. 10% rent increases every 5 years
  • Brand-New Construction – Prime New Development Retail Corridor
  • Publix Shadow-anchored
  • Surrounded by new growth & development, multiple new apartment and office developments
  • Strong daytime population driven by General Mills Packing, Georgia Piedmont Technical College, Covington Municipal Airport and etc.
  • Strong Visibility: The property occupies a high/decent-exposure spot in a busy commercial corridor, ensuring maximum visibility to passing traffic

OVERVIEW

Century Partners Real Estate Inc. is pleased to offer a brand-new construction property secured by a 20-year Absolute NNN lease with zero landlord responsibilities, providing truly passive income. The lease includes 10% rent increases every five years, offering reliable income growth throughout the term. The asset is shadow-anchored by Publix, ensuring strong foot traffic and visibility in a high-performing retail corridor. Daytime traffic is driven by General Mills Packing, as well as a regional airport. Adjacent to the property are several top-tier national tenants, including Chick-fil-a, Panda Express, and more. The tenant is a top-tier operator with average unit volumes exceeding the system-wide AUV of $2.7 million, underscoring the strength and stability of this investment opportunity.

FOR SALE DETAILS

PRICE

$3,135,000 USD

PRICE/SF

$1,254 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxby's - 20-Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

Commercial

APN/PARCEL ID

C080000000002O00

ASK ABOUT THIS PROPERTY

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

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Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.