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3250 Highway 81 S 8,320 SF Retail Building Covington, GA 30016 $1,300,000 ($156.25/SF) 8.25% Cap Rate
Executive Summary
Positioned along Highway 81 South, the property benefits from strong visibility, convenient access, and steady traffic counts. Its location offers quick connectivity to major thoroughfares serving the greater Atlanta region while maintaining proximity to Covington’s established residential neighborhoods, schools, and growing commercial base.
This offering presents an excellent opportunity to acquire a well-located commercial asset in a thriving and expanding market.
With ever increasing construction costs, this property gives an end-user the opportunity to efficiently and economically convert this building to a number of different uses.
This property is currently leased by Family Dollar and is being sold with the lease in place. The landlord is willing to work out a lease buyout with Family Dollar. The store went dark on February 1st and the tenant currently has no intentions of reopening the store.
This offering presents an excellent opportunity to acquire a well-located commercial asset in a thriving and expanding market.
With ever increasing construction costs, this property gives an end-user the opportunity to efficiently and economically convert this building to a number of different uses.
This property is currently leased by Family Dollar and is being sold with the lease in place. The landlord is willing to work out a lease buyout with Family Dollar. The store went dark on February 1st and the tenant currently has no intentions of reopening the store.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
8,320 SF
Building Class
B
Year Built
2017
Price
$1,300,000
Price Per SF
$156.25
Cap Rate
8.25%
NOI
$107,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.57 AC
Zoning
CG
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 8,320 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,320 SF | Retail | - | Now |
1st Floor
| Size |
| 8,320 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0028000000100B00 | Improvements Assessment | $381,440 |
| Land Assessment | $67,840 | Total Assessment | $449,280 |
Property Taxes
Parcel Number
0028000000100B00
Land Assessment
$67,840
Improvements Assessment
$381,440
Total Assessment
$449,280
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3250 Highway 81 S
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