Olive Garden | New 10-Yr Abs NNN Ground Lease 6138 Pavillion Way way Local commercial 727 m² À vendre Covington, GA 30014 3 399 959 € (4 676,91 €/m²) Taux de capitalisation 5,25 %

The subject property is a newly constructed Olive Garden located in Covington (Atlanta), Georgia. The brand new 10-year absolute NNN ground lease includes structured rent increases every 5-years in the primary term and throughout the (4) 5-year option periods. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Located in a prime location in a high-traffic retail corridor, this Olive Garden benefits from significant visibility and accessibility, with daily traffic counts exceeding 33,000 vehicles per day on US Highway 278, 77,000 vehicles per day on Interstate-20, and 22,000 cars per day on Turner Lake Road. The surrounding area is a bustling retail hub with a growing population and strong demographics. Within a 10-mile radius, the population exceeds 127,000, and the average household income is approximately $98,000. The Covington population has been rapidly growing and is expected to grow another 7.0% over the next 5-years.
National retailers in the immediate vicinity include Longhorn Steakhouse, Bojangles, Applebee’s, Chick-Fil-A, QuikTrip, Kroger, Chipotle, Goodwill, Dunkin’ Donuts, Planet Fitness, Ross, AutoZone, O’Reilly Auto Parts, CVS Pharmacy, Arby’s, KFC, Burger King, Advance Auto, Taco Bell, Walgreens, Wendy’s, Popeyes, McDonald’s, and many more.