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Jackson Market 4153 Hwy 278 NE 11,358 SF 100% Leased Retail Building Covington, GA 30014 $7,873,000 ($693.17/SF) 6.25% Cap Rate

Investment Highlights
- New Construction Shops Building with a Drive-Thru Anchored by Chicken Salad Chick & Sage Dental
- All Tenants on Long Term Leases with Scheduled Rent Increases
- Within Brand New Jackson Market Retail Development alongside McAlister’s Deli, Five Guys, Caribou Coffee, & Mor
- Fully Leased to Diverse, E-Commerce-Resistant Mix of Tenants
- Highly Visible, Convenient Location with Prominent Pylon Signage along Hwy 278 NE - 32,600 ADT
- Dense, Affluent Suburb 35 Miles from Downtown Atlanta with Growing Population Base
Executive Summary
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.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,358 SF
Year Built
2025
Price
$7,873,000
Price Per SF
$693.17
Cap Rate
6.25%
NOI
$492,076
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.00 AC
Parking
47 Spaces (4.14 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Nearby Major Retailers
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Jackson Market | 4153 Hwy 278 NE
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