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Property profile & analytics
OFF-MARKET
Restaurants

829 Us-51 Covington, TN 38019

2,776 SF 0.38 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Restaurants
Total area 2,776 SF
Lot 0.38 ac (16,553 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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