6229 Turner Lake Road Archives | Sands Investment Group

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