3900 Salem Rd Covington, GA 30016-4529
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.