Log In/Sign Up
Your email has been sent.
12700 Town Center Dr
Covington, GA 30014
PEACHTREE IMMEDIATE CARE | MATTRESS WAREHOUSE · Retail Property For Sale
Investment Highlights
- Newly constructed, turnkey retail center with zero deferred maintenance
- 11+ years of weighted average lease term remaining; zero rollover until 2035
- Strong submarket fundamentals with affluent demographics and explosive residential growth
- Anchored by Peachtree Immediate Care and Mattress Warehouse on corporate-guaranteed NNN leases
- Positioned in a high-traffic corridor adjacent to Publix and major QSR brands
Executive Summary
BRAND-NEW 2024 CONSTRUCTION | MEDICAL-ANCHORED NNN RETAIL STRIP
• Newly delivered 7,500 SF two-tenant retail center featuring best-in-class 2024 construction with zero deferred maintenance and turnkey Day-1 cash flow
• Anchored by Peachtree Immediate Care (dominant Georgia urgent care operator) and Mattress Warehouse (300+ locations nationwide) – both on fresh corporate-guaranteed NNN leases
• Delivering $279,520 current-year NOI | $37.27 PSF in-place – premium yielding asset with embedded growth from Day 1
• Pure triple-net leases reimbursing for CAM, Taxes, and Insurance.
DIRECT PUBLIX SHADOW | TOP 30% PERFORMING STORE REGIONALLY
• Positioned directly across from brand-new Covington Town Center Publix ranked #43 out of 143 Atlanta-region locations per Location Intelligence & Foot Traffic Data Software – Placer.ai – top 30% visitation and sales volume
• Trophy retail intersection surrounded by Chick-fil-A, Whataburger, QuikTrip, Zaxby’s, Dunkin’, Panda Express, and Freddy’s Frozen Custard – creating explosive daily traffic synergy
• Publix shadow locations consistently deliver superior tenant sales, investor demand, and market resilience
INVESTMENT HIGHLIGHTS | 2% ANNUAL BUMPS + STEP-UPS IN OPTIONS | ORGANIC NOI GROWTH FROM DAY 1
• Peachtree Immediate Care: rare 2% annual rental increases locked in through primary term + three 5-year options with identical escalations
• Mattress Warehouse: significant rent step-ups beginning 2031 and continuing through option periods
• Both tenants committed through December 2035 minimum | 11+ years weighted average lease term remaining | Zero rollover until 2035+
AFFLUENT & EXPLOSIVE GROWTH SUBMARKET | ATLANTA MSA INFILL
• $110,830+ average household income within 3 miles – significan tly above Atlanta MSA average
• Immediate residential pipeline of 945 new units delivering within minutes: – 350 units | The Cove at Covington Town Center – 207 units | Quinn R esidences – 388 units | The Sinclair at Callaway Farm •
• Additional daytime population drivers include Piedmont Newton Hospital and multiple Newton County school clusters
• Newly delivered 7,500 SF two-tenant retail center featuring best-in-class 2024 construction with zero deferred maintenance and turnkey Day-1 cash flow
• Anchored by Peachtree Immediate Care (dominant Georgia urgent care operator) and Mattress Warehouse (300+ locations nationwide) – both on fresh corporate-guaranteed NNN leases
• Delivering $279,520 current-year NOI | $37.27 PSF in-place – premium yielding asset with embedded growth from Day 1
• Pure triple-net leases reimbursing for CAM, Taxes, and Insurance.
DIRECT PUBLIX SHADOW | TOP 30% PERFORMING STORE REGIONALLY
• Positioned directly across from brand-new Covington Town Center Publix ranked #43 out of 143 Atlanta-region locations per Location Intelligence & Foot Traffic Data Software – Placer.ai – top 30% visitation and sales volume
• Trophy retail intersection surrounded by Chick-fil-A, Whataburger, QuikTrip, Zaxby’s, Dunkin’, Panda Express, and Freddy’s Frozen Custard – creating explosive daily traffic synergy
• Publix shadow locations consistently deliver superior tenant sales, investor demand, and market resilience
INVESTMENT HIGHLIGHTS | 2% ANNUAL BUMPS + STEP-UPS IN OPTIONS | ORGANIC NOI GROWTH FROM DAY 1
• Peachtree Immediate Care: rare 2% annual rental increases locked in through primary term + three 5-year options with identical escalations
• Mattress Warehouse: significant rent step-ups beginning 2031 and continuing through option periods
• Both tenants committed through December 2035 minimum | 11+ years weighted average lease term remaining | Zero rollover until 2035+
AFFLUENT & EXPLOSIVE GROWTH SUBMARKET | ATLANTA MSA INFILL
• $110,830+ average household income within 3 miles – significan tly above Atlanta MSA average
• Immediate residential pipeline of 945 new units delivering within minutes: – 350 units | The Cove at Covington Town Center – 207 units | Quinn R esidences – 388 units | The Sinclair at Callaway Farm •
• Additional daytime population drivers include Piedmont Newton Hospital and multiple Newton County school clusters
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$6,121,229 CAD
Price Per SF
$816.16 CAD
Cap Rate
6.25%
NOI
$382,604 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.21 AC
Parking
31 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
222’ on Town Center Drive
Amenities
- Freeway Visibility
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | C080000000002A00 | Improvements Assessment | $3 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3 CAD |
Property Taxes
Parcel Number
C080000000002A00
Land Assessment
$0 CAD
Improvements Assessment
$3 CAD
Total Assessment
$3 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
