4153 Hwy 278 NE - Freestanding FOR SALE


Covington, GA 30014
$7,873,000 USD
510-289-1166
4153 Hwy 278 NE, Covington, GA for Sale
$7,873,000 USD
Freestanding - FOR SALE
1/1
null | 6.25% Cap Rate

4153 Hwy 278 NE
Covington, GA 30014


HIGHLIGHTS

  • New Construction Shops Building with a Drive-Thru Anchored by Chicken Salad Chick & Sage Dental
  • Fully Leased to Diverse, E-Commerce-Resistant Mix of Tenants
  • All Tenants on Long Term Leases with Scheduled Rent Increases
  • Highly Visible, Convenient Location with Prominent Pylon Signage along Hwy 278 NE - 32,600 ADT
  • Within Brand New Jackson Market Retail Development alongside McAlister’s Deli, Five Guys, Caribou Coffee, & Mor
  • Dense, Affluent Suburb 35 Miles from Downtown Atlanta with Growing Population Base

OVERVIEW

The offering features a brand new construction shops building with a drive-thru component anchored by Chicken Salad Chick and Sage Dental. The property is located within the Jackson Market retail development alongside McAlister’s Deli, Five Guys, Caribou Coffee, and other national tenants and benefits from a prominent position along Hwy 278 NE (32,600 ADT). Positioned within Covington’s primary retail corridor, neighboring retailers include Kroger, Ross, CVS, McDonald’s, Popeye’s, Planet Fitness, Walgreens, and more. The property sits within the dense, affluent, and growing Atlanta suburb of Covington, just 1 mile from picturesque downtown Covington and approximately 35 miles from downtown Atlanta. This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$7,873,000 USD

PRICE/SF

$693 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackson Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

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.