Jackson Market

Covington
GA
Georgia
Atlanta

Call for Details

$

7,939,000

Call for Details
6.60
%
CAP Rate

New Construction

Shops Building with Drive-Thru and Drive-Thru Coffee within Jackson Market Retail Development

32,600 ADT on Hwy 278 NE

Prominent, Convenient Location within Covington's Primary Retail Corridor

35 Miles from Downtown ATL

2.22% Annual Population Growth Rate within 3 Miles

Property details
  1. New Construction Shops Building with a Drive-Thru Anchored by McAlister’s Deli & Five Guys
    • Leased to Diverse, E-Commerce-Resistant Mix of Tenants
    • Scheduled Rent Increases in Majority of Leases
  2. New 10-Year Corporate NNN Lease to Caribou Coffee
    • Scheduled 10% Rent Increases and Limited Landlord Responsibilities
    • Growing Coffee Brand with Over 800 Locations Worldwide
    • Part of Panera Brands Portfolio Alongside Panera Bread & Einstein Bros. Bagels (Owned by Global Parent Company JAB Holding Company)
    • Caribou Coffee’s Innovative “Cabin” Concept featuring Drive-Thru and Walk-Up Only Format for Maximum Efficiency
  3. Within Brand New Jackson Market Retail Development
    • Highly Visible, Convenient Location with Prominent Monument Signage
    • Along Hwy 278 NE Arterial - 32,600 ADT
  4. Located within Covington’s Primary Retail Corridor
    • Kroger, Ross, CVS, McDonald’s, Popeye’s, Planet Fitness, & More
  5. Neighbors Piedmont Newton Hospital, a 107-Bed Acute Care Community Hospital with 1,300+ Physicians & Employees
  6. 2 Miles from Oxford College of Emory University (1,000+ Students)
  7. 1 Mile from Downtown Covington and Covington Square
    • Picturesque Downtown with Shopping, Dining, and Year-Round Events
  8. Dense, Affluent Demographics in Growing Atlanta Suburb
    • 51,586 Residents within a 5-Mile Radius
    • 2.22% Annual Population Growth within a 3-Mile Radius
  9. 35 Miles from Downtown Atlanta
    • 6th Largest Metro in the U.S. with Over 6.4 Million Residents
  10. 41 Miles to Hartsfield-Jackson Atlanta International Airport, the World's Busiest Airport

This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Vahe Nokhoudian
Partner
CA RE Lic #01963342
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
9,400
SF
Lot Size
1.35
AC
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Vahe Nokhoudian
Partner
CA RE Lic #01963342