4115 Highway 278 NE - Restaurant FOR SALE


Covington, GA 30014
$7,939,000 USD
510-289-1166
4115 Highway 278 NE, Covington, GA for Sale
$7,939,000 USD
Restaurant - FOR SALE
1/5
null | 6.6% Cap Rate

4115 Highway 278 NE
Covington, GA 30014


HIGHLIGHTS

  • New Construction Shops Building with a Drive Thru & New 10-Year Corporate NNN Lease to Caribou Coffee
  • Scheduled Rent Increases in Majority of Leases
  • High-Visibility Location on Hwy 278 NE (32,600 ADT) with Prominent Pylon Signage
  • Part of New Jackson Market Retail Development with Five Guys, McAlister’s Deli, Chicken Salad Chick, and More
  • 35 Miles from Downtown Atlanta in Dense, Affluent, and Fast-Growing Submarket

OVERVIEW

Jackson Market is a newly constructed retail offering in Covington, Georgia (Atlanta MSA). The offering includes Building 200, a multi-tenant shops building anchored by McAlister’s Deli and Five Guys, together with a freestanding Caribou Coffee drive-thru. Located on Highway 278 NE in Covington's primary retail corridor, Jackson Market benefits from 32,600 ADT, proximity to Piedmont Newton Hospital, and 51,586 residents within five miles. This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$7,939,000 USD

PRICE/SF

$13,232 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackson Market | Bldg 200 + Caribou Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

C007000120001A00

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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