5485 Highway 81 S | Covington, GA 30016
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- LoopNet Team
5485 Highway 81 S
Covington, GA 30016
Exxon · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Tenant is Investing Close to $300,000 in Brand New Pumps, Island Upgrades, Displays, New Exxon Branding, External and Internal Face Lift, Plumbing
- Bonus/Accelerated Depreciation – C-Stores Typically Qualify For Bonus and Accelerated Depreciation (Please Confer With Your CPA)
- Annual Rent Increases With Five (5) x Five (5) Year Options
- Recession, Pandemic, and Internet Resistant; Many Gas Station Businesses Continued to Grow Even During COVID-19 Pandemic
- Amazing Development Partners - Oil Distributors and Developers With Over 20 Years of Experience and 100+ Gas/Convenience Stores Developed
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.50 AC
Zoning
C1
PROPERTY TAXES
| Parcel Number | 0019000000013C00 | Improvements Assessment | $120,040 |
| Land Assessment | $130,680 | Total Assessment | $250,720 |
PROPERTY TAXES
Parcel Number
0019000000013C00
Land Assessment
$130,680
Improvements Assessment
$120,040
Total Assessment
$250,720
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