6138 Pavillion Way
Covington (Atlanta), GA 30014
Olive Garden
| Offering Summary | |||
|---|---|---|---|
| Price | $3,866,666 | Cap Rate | 5.25% |
| NOI | $203,000.00 | Rentable SF | 7,825 SF |
| Lot Size | 2.68 +/- Acres | Year Built | 2025 |
| Lease Type | Absolute NNN Ground Lease | Lease Term | 10 Years |
Investment Highlights
- Brand New 2025 High-Quality Construction
- New 10-Year Absolute NNN Ground Lease with Structured Rental Increases Every 5-Years and (4) 5-Year Options to Extend
- Adjacent to One of the Highest Performing LongHorn Steakhouse Locations in the United States (Top 96% per Placer AI)
- Traffic Counts Exceed 33,000 Vehicles Per Day on US Hwy 278; 77,000 Vehicles Per Day on I-20; & 22,000 Vehicles Per Day on Turner Lake Rd
- 127,000 Residents within 10-Miles of Property w/ 7.0% Population Growth Over Next 5-Years & Average HH Income of $98,000
- Olive Garden (S&P Rated BBB – Investment Grade) is the Leading Restaurant in the Italian Dining Segment w/ 900+ restaurants, 99,000+ employees & more than $4.9 Billion in A
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
[email protected]