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6229 Turner Lake Rd
Covington, GA 30014

Price Upon Request

Convenience Store For Sale  •  3,321 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 3,321 SF
  • Lot Size 1.45 AC
  • Building Class C
  • Year Built 1985
  • Tenancy Single
  • Zoning C1
0 Transit Score
31 Walk Score

Highlights

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

Major Tenants

Tenant SF Occupied Lease End Date
Gulf 3,321 SF 9/30/2039

Amenities

  • Dedicated Turn Lane

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes