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6229 Turner Lake Rd
Covington, GA 30014
Gulf · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • New 20 Year Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
  • Four (4) x Five (5) Year Options to Renew
  • Strong Store Performance – 2.8 x Rent Coverage
  • 2% Annual Rent Increases – Next Increase Set to Occur on 10/1/2020
  • Blended CAP Rate of 8.89% Over Lease Term
  • Excellent Visibility From Turner Lake Road and Brown Ridge Road With Multiple Points of Access

PROPERTY FACTS

Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,321 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.45 AC
Zoning
C1
Parking
10 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
150’ on Turner Lake Rd

AMENITIES

  • Dedicated Turn Lane

ABOUT 6229 TURNER LAKE RD , COVINGTON, GA 30014

In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374

PROPERTY TAXES

  • Listing ID: 17510740

  • Date on Market: 10/21/2019

  • Last Updated:

  • Address: 6229 Turner Lake Rd, Covington, GA 30014