For Sale
$1,884,835

3900 Salem Rd Covington, GA 30016

High-Yield AutoZone Investment, Georgia

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a thriving AutoZone retail property located at 3900 Salem Rd, Covington, Georgia, 30016. The property is a Net-Net-Net (NNN) lease, meaning the tenant is responsible for most operating expenses, minimizing landlord responsibilities and maximizing passive income. The current lease agreement with AutoZone boasts a remaining term of 15 years and 7 months, providing significant long-term stability and predictable cash flow. This AutoZone is situated in the rapidly expanding city of Covington, Newton County, Georgia, benefiting from a robust and growing local economy. The property's address is precisely 3900 Salem Rd, Covington, GA 30016, with GPS coordinates of 33.59183670878479 latitude and -83.96893011250647 longitude. The asking price for this turnkey investment is $1,884,835. This represents a compelling opportunity to acquire a high-performing, low-maintenance asset in a prime location with a strong tenant and a lengthy lease term. The property's classification is Retail, specifically an Auto Shop, offering a proven and resilient business model. This is an ideal addition to any diversified real estate portfolio seeking consistent returns and long-term growth potential. The property's strong tenant and favorable lease terms make it a low-risk, high-reward investment prospect. The location within a growing market further enhances its appeal to discerning investors.

Highlights

  • $1,884,835 asking price.
  • Retail property, Auto Shop subtype.
  • Located at 3900 Salem Rd, Covington, GA 30016.
  • 15-year, 7+ month lease with AutoZone.
  • NNN lease structure.
  • Located in fast-growing Covington, Georgia.

Property Details for 3900 Salem Rd

Property type
Retail properties, Auto shops

Location Insight

City
Covington
County
Newton
State
Georgia
Latitude
33.591836708785
Longitude
-83.968930112506

FAQs

What type of property is this?
Retail property - High-Yield AutoZone Investment, Georgia
Where is the retail property located?
The property is located at 3900 Salem Rd Covington, GA.
What is the asking price?
The asking price for this property is $1,884,835.
What are key features of this property?
This property features: $1,884,835 asking price.; Retail property, Auto Shop subtype.; Located at 3900 Salem Rd, Covington, GA 30016.
How can I contact the broker?
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3900 Salem Rd
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