Commercial Land with Tesla
For Sale
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11220 HWY 142 N, Covington, GA 30014
Commercially zoned land supporting a Tesla Supercharger station under a long-term ground lease.
Property Size19,834 SF
Price / SF$30.25
Days on Market49
Property Features for 11220 HWY 142 N
General Information
Standard status
Active
Size
19,834 SF
Total Parking Spaces
28
Property subtype
Retail, Land
Zoning
Commercial
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$30,000
Building Details
Year Built
2024
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Gus Lagos · License #TX 419197
Source:
Crexi
Added: Jul 14
Changed: Aug 30
Last Checked: Aug 30 at 4:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
This commercial land offering includes approximately 19,834 square feet, with about 8,300 square feet licensed for a Tesla Supercharger facility. Tesla constructed and opened the 28-stall station in 2024 and handles the charging equipment’s installation, operations, maintenance, insurance, and utilities. The landlord’s stated obligation is limited to snow and trash clearing in the parking area.
The ground lease began May 16, 2024, runs for ten years, and includes 3% annual increases starting in Year 6. Rolling five-year renewal options provide 10% rent increases during each option period. The property fronts Highway 142 in Covington’s primary retail corridor, near Walmart Supercenter, ALDI, Home Depot, QuikTrip, AT&T, Chick-fil-A, and Wendy’s. Covington is approximately 35 miles east of downtown Atlanta in Newton County.
The ground lease began May 16, 2024, runs for ten years, and includes 3% annual increases starting in Year 6. Rolling five-year renewal options provide 10% rent increases during each option period. The property fronts Highway 142 in Covington’s primary retail corridor, near Walmart Supercenter, ALDI, Home Depot, QuikTrip, AT&T, Chick-fil-A, and Wendy’s. Covington is approximately 35 miles east of downtown Atlanta in Newton County.
Key Highlights
- Approximately 19,834 square feet of commercial land
- Tesla licenses approximately 8,300 square feet for its Supercharger station
- 28‑stall Supercharger facility constructed and opened in 2024
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 30014, GA
39,247
Population
16,159
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
120.7 sq mi
ZIP Area
325
Density / Sq Mi
$71,055
Median Household Income
$37,714
Median Earnings
$1,199
Median Rent
$253,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned land supporting a Tesla Supercharger station under a long-term ground lease.
Where is this commercial land located?
The property is located at 11220 HWY 142 N Covington, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 19,834 square feet of commercial land; Tesla licenses approximately 8,300 square feet for its Supercharger station; 28‑stall Supercharger facility constructed and opened in 2024
