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Walmart Shops of Covington 10327-10337 Industrial Blvd., Covington, Georgia, 30014

 
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Verified : 2/1/2016 Sold

Walmart Shops of Covington 10327-10337 Industrial Blvd., Covington, Georgia, 30014

$4,085,500.00   / ForSale

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Property Highlights

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$4,085,500.00
Sale Price:
$4,085,500.00
Price/SF:
Unlisted
CAP Rate (%):
8
NOI:
$326,852.00
Net Lease:
Unlisted
Gross Leasable Area (SF):
13,968
Total Lot Size (SF):
73,616
Occupancy (%):
100
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Unlisted
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
Unlisted
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
Unlisted
Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

This offering is a 100% occupied, 7 Tenant shopping center anchored by a Corporate Verizon Wireless, located on an outparcel to a Walmart Supercenter. Other national / regional tenants in the center include Great Clips (9 unit operator), GameStop (corporate), Jersey Mike’s Subs, (14 unit operator) Edible Arrangements (2 unit operator) and Bullritos (5 unit operator). The property is located in the dominant position in the Covington, GA submarket. The location is excellent as it is visible from both Walmart and Interstate 20 (48,000 cars per day). Covington is part of the Atlanta MSA and is approximately 30 minutes from downtown Atlanta. Rents in this center average $26 PSF, well within market for the area. Additionally, the adjacent centers have sold for 7% and 7.4% CAP rates respectively.

Location Description

The Walmart Shops of Covington occupies an excellent location, directly adjacent to a Walmart Supercenter. It is located approximately 30 minutes from downtown Atlanta just off Interstate 20 (over 48,000 cars per day). Other national retailers include Home Depot, Dollar Tree, ALDI, McDonalds, Mattress Firm, IHOP, Sprint and many others. There are over 57,000 people within the 7 mile trade area for this location with an average HH income over $57,000. Additionally, there is a very strong daytime population of over 6,200 employees within 1 mile (see the Employment Density Aerial for details) and over 20,000 within 5 miles.

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