829 Us-51 Covington, TN 38019
This exceptional restaurant opportunity is located at 829 Hwy 51 N, Covington, TN 38019, on a 0.38-acre lot. The property, a former Pizza Hut, boasts a total of 2,776 square feet of space, currently vacant and ready for immediate occupancy. The building is situated on a highly visible corner lot at the intersection of Hwy 51 N and Deena Cove, ensuring excellent exposure to a large volume of daily traffic. Ample parking is available with 30 spaces provided for patrons and staff. The property's classification as a Quick Service Restaurant (QSR) suggests suitability for a variety of fast-casual dining concepts. The single-tenant occupancy offers flexibility and control for the new owner or operator. Located in the Covington submarket of Tipton County, Tennessee, this property presents a unique chance to establish or relocate a thriving restaurant business in a well-established commercial area. The building's existing infrastructure provides a solid foundation for a quick and efficient renovation or build-out, minimizing upfront costs and maximizing return on investment. This is an ideal location for entrepreneurs seeking a high-visibility space with significant potential for growth. The property's size and location make it suitable for a variety of restaurant concepts.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.