gas station net lease

Gulf | Covington, GA

Sands Investment Group is Pleased to Exclusively Offer the Gas Station Net Lease Investment Opportunity Located at 6229 Turner Lake Road in Covington, Georgia.

  • New 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 2% Annual Rent Increases – Next Increase Set to Occur on 10/1/2020
  • Four (4) x Five (5) Year Options to Renew
  • Blended CAP Rate of 8.89% Over Lease Term
  • Guarantor, Valued at Approximately $400 Million, Supplied Over 200 Million Gallons of Fuel to Over 300 Locations During the 12-Month Period (Ended 12/31/2019); Guarantor Generated Over $434 Million in Revenue in 2019 and Operates in 7 States: GA, TX, SC, LA, AR, AL and MS; Additional Information on Guarantor is Available Upon
  • Excellent Visibility From Turner Lake Road and Brown Ridge Road With Multiple Points of Access
  • Strong Store Performance – 2.8 x Rent Coverage
  • Benefits From Close Proximity to U.S Route 278 – Sees Over 28,500 Vehicles Per Day, and Interstate 20 – Sees Over 71,000 Vehicles Per Day
  • Less Than 4-Miles From Piedmont Newton Hospital – Over 100 Hospital Beds and 650 Employees
  • Covington is Seeing Rapid Growth – Select Major Projects in Covington Include: Facebook Data Center ($750M Center Under Construction), Airport is Under Expansion to Allow Private Commercial Flights, Nisshinbo Automotive Investing $72 Million in Expansion of Its Covington Facility and Shire Investing $1.2 Billion in Manufacturing Plant
  • Nearby Tenants Include: Chevron, Firehouse Subs, Ingles, Arby’s, Zaxby’s, Taco Bell, Aaron’s, Dollar General, Kroger, Ross, Chick-fil-A and More

In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374

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