2600 Ga-212 Covington, GA 30016

This Covington, Georgia retail center presents a compelling value-add investment opportunity. The property comprises two single-story buildings totaling 12,000 square feet of net rentable space situated on a 3.5-acre lot. Currently housing four tenants with a diverse mix, the property offers significant upside potential. The majority of leases are short-term net leases, presenting opportunities to increase rental income by converting leases to triple-net (NNN) agreements, raising rents to market rates, extending lease terms, and filling any vacancies. The property boasts a current NOI of $114,880, with a pro-forma NOI projected at $140,000, reflecting an 8.21% current cap rate and a pro-forma cap rate of 10.00%. Built in 2005, this multi-tenant retail center is zoned commercial and enjoys excellent access and visibility due to its location near Interstate-20 at 2600 GA-212, Covington, GA 30016. The asking price is $1,400,000. This property is a prime investment opportunity with strong in-place cash flow and substantial value-add potential.