3900 Salem RdCovington, GA 30016

Property Details for 3900 Salem Rd

Year built

2008

Construction

FRAME

Lot size

1.34 AC

Property size (Sq ft)

7,680 SF

Property type

Retail properties

Property subtype

Auto shops

APN

00130-00000-049-A00

APU

0013000000049A00

Description

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.

Location Insight

City

Covington

County

Newton

State

Georgia

Latitude

33.5914

Longitude

-83.9688

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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