3188 Highway 278 NW - Drug Store FOR SALE


Covington, GA 30014
$7,103,000 USD
602-687-6650
3188 Highway 278 NW, Covington, GA for Sale
$7,103,000 USD
Drug Store - FOR SALE
1/5
null | 7% Cap Rate

3188 Highway 278 NW
Covington, GA 30014


HIGHLIGHTS

  • 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

OVERVIEW

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. Covington is the county seat of Georgia's Newton County and is part of the Atlanta metropolitan area. The city's thriving downtown is home to boutiques, antique shops, and restaurants. Residents and visitors alike enjoy quiet residential areas, local parades, concerts in the park, and "Christmas in Covington."

FOR SALE DETAILS

PRICE

$7,103,000 USD

PRICE/SF

$479 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

C1

APN/PARCEL ID

C021000020001A00

ASK ABOUT THIS PROPERTY

Zack HouseMarcus & MillichapMore Info
602-687-6650

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Zack HouseMarcus & MillichapMore Info
602-687-6650

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