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Jackson Market | Bldg 200 + Caribou Coffee 4115 Highway 278 NE 9,400 SF Retail Building Covington, GA 30014 $7,939,000 ($844.57/SF) 6.60% Cap Rate
Investment Highlights
- New Construction Shops Building with a Drive Thru & New 10-Year Corporate NNN Lease to Caribou Coffee
- High-Visibility Location on Hwy 278 NE (32,600 ADT) with Prominent Pylon Signage
- 35 Miles from Downtown Atlanta in Dense, Affluent, and Fast-Growing Submarket
- Scheduled Rent Increases in Majority of Leases
- Part of New Jackson Market Retail Development with Five Guys, McAlister’s Deli, Chicken Salad Chick, and More
Executive Summary
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.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,400 SF
Building Class
B
Year Built
2025
Price
$7,939,000
Price Per SF
$844.57
Cap Rate
6.60%
NOI
$523,976
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.48 AC
Frontage
100’ on Highway 278 Northeast
Amenities
- Pylon Sign
- Signage
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | C007000120001A00 | Improvements Assessment | $0 |
| Land Assessment | $1,023,640 | Total Assessment | $1,023,640 |
Property Taxes
Parcel Number
C007000120001A00
Land Assessment
$1,023,640
Improvements Assessment
$0
Total Assessment
$1,023,640
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