3900 Salem Rd Covington, GA 30016-4529
Property profile & analytics
3900 Salem Rd, Covington, GA 30016-4529
- Auto shops
- 7,680 SF
- 1.34 lot acres
Property ID
US22-1024924
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Auto shops
Property Details for 3900 Salem Rd
- Year built
- 2008
- Construction
- FRAME
- Lot size
- 1.34 lot acres
- Property type
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $748,000
- AI Estimate
- $649,000
Market price range: $670k - $1.28MMarket price range: $373k - $1.17M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $860,000 Current use
- RETAIL STORES
- $805,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Newton
- State
- Georgia
- Longitude
- -83.9688
- Latitude
- 33.5914
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,336
$93,640
$176,720
$270,360
-
$234,100
$441,800
$675,900
