Property profile

3900 Salem Rd Covington, GA 30016

FOR SALE
Auto shops
Property ID
US22-1024924
7,680 SF 1.34 ac lot Built 2008
Entity Owned 16-yr Hold Free & Clear
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For Sale
Contact for pricing 7,680 SF
3900 Salem Rd, Covington, GA 30016
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2008
Construction FRAME
Total area 7,680 SF
Lot 1.34 ac (58,370 SF)
APN 00130-00000-049-A00
UPID US22-1024924

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3900 Salem Rd Covington, GA 30016
Covington metro Census 100503 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$749k
Blend (final) Blend
$290k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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