Current Use by Public Records
- Retail properties & Spaces
Property Details for 6138 Pavillion Way
- Year built
- 2024
- Property type
- Retail properties & Spaces
Description
The subject property is a newly constructed Olive Garden located in Covington (Atlanta), Georgia. The brand new 10-year absolute NNN ground lease includes structured rent increases every 5-years in the primary term and throughout the (4) 5-year option periods. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Located in a prime location in a high-traffic retail corridor, this Olive Garden benefits from significant visibility and accessibility, with daily traffic counts exceeding 33,000 vehicles per day on US Highway 278, 77,000 vehicles per day on Interstate-20, and 22,000 cars per day on Turner Lake Road. The surrounding area is a bustling retail hub with a growing population and strong demographics. Within a 10-mile radius, the population exceeds 127,000, and the average household income is approximately $98,000. The Covington population has been rapidly growing and is expected to grow another 7.0% over the next 5-years. National retailers in the immediate vicinity include Longhorn Steakhouse, Bojangles, Applebee’s, Chick-Fil-A, QuikTrip, Kroger, Chipotle, Goodwill, Dunkin’ Donuts, Planet Fitness, Ross, AutoZone, O’Reilly Auto Parts, CVS Pharmacy, Arby’s, KFC, Burger King, Advance Auto, Taco Bell, Walgreens, Wendy’s, Popeyes, McDonald’s, and many more.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covington (Atlanta)
- County
- State
- Georgia
- Longitude
- -84.39
- Latitude
- 33.76
