Atlanta MSA | #1 in 15 Mi Radius (Placer.ai) 3188 Highway 278 NW 14,820 SF Retail Building Covington, GA 30014 $9,126,394 CAD ($615.82 CAD/SF) 7.50% Cap Rate

We are pleased to market for sale the Walgreens property located at 3188 Highway 278 NE in Covington, GA (the “Property”). Walgreens has been successfully operating at this location for over 13 years and has over 11 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever.
According to Placer.ai, this store ranks in the top 7% of all Walgreens locations in Georgia and the top 20% nationwide, generating more than 391,000 annual customer visits. Walgreens reports above average sales, highlighting the store’s position as a top producing, high traffic location within the market. Delivered in 2012, the store was selected for Walgreens's 'Well Experience' format, featuring a modernized layout, upgraded pharmacy platform, and expanded product mix.
The Property is positioned approximately 36 miles east of Downtown Atlanta along Interstate 20 (63.4K VPD), a major regional artery feeding directly into the city. The Property sits within a 24.9 million square foot industrial hub, home to major operators including General Mills (400 employees), Becton Dickinson (700 employees), and Pactiv Evergreen (370 employees).
Located less than one mile from the Property is Piedmont Newton, a 107 bed regional hospital supported by more than 475 physicians and 650 employees.
Listed in conjunction with Brian Brockman, Bang Realty - Georgia Inc, 513-898-1551, wg@bangrealty.com, GA DRE Lic. 378952.