6229 Turner Lake Rd - Convenience Store FOR SALE
Covington, GA 30014 |
6229 Turner Lake Rd
Covington, GA 30014
HIGHLIGHTS
- New 20 Year Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
- 2% Annual Rent Increases – Next Increase Set to Occur on 10/1/2020
- Four (4) x Five (5) Year Options to Renew
- Blended CAP Rate of 8.89% Over Lease Term
- Strong Store Performance – 2.8 x Rent Coverage
- Excellent Visibility From Turner Lake Road and Brown Ridge Road With Multiple Points of Access
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Gulf
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
3321
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
C040000020007B00
