3214 Us-278 - Service Station FOR SALE


Covington, GA 30014
$4,550,000 USD
972-755-5205
3214 Us-278, Covington, GA for Sale
$4,550,000 USD
Service Station - FOR SALE
1/4
null | 6% Cap Rate

3214 Us-278
Covington, GA 30014


HIGHLIGHTS

  • Absolute Net Lease with 4.1 Years Remaining
  • Oversized 2.60 Acre Parcel (113,256 SF)
  • Signalized Hard Corner Location on US Highway 278 and Highway 81; Combined Traffic Counts Exceed 38,848 Vehicles per Day
  • Dense Retail Corridor – Near Newton Plaza, A 262,792-SF Center Anchored by Kroger, Big Lots, and Planet Fitness

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease QuikTrip in Covington, GA. The property consists of a 4,636-square-foot, freestanding building that sits on approximately 2.60 acres of land. There are 4.1 years remaining on the lease with rental increases of $6,384/year at each option.

FOR SALE DETAILS

PRICE

$4,550,000 USD

PRICE/SF

$916 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

QuikTrip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

C1

APN/PARCEL ID

C024000040001000

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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