Shopping Strip
Mattress Warehouse | Peachtree Immediate Care
12700 Town Center Dr, Covington, GA 30014
Listing Price: $4,472,000
Investment Overview
BRAND-NEW 2024 CONSTRUCTION | MEDICAL-ANCHORED NNN RETAIL STRIP
• Newly delivered 7,500 SF two-tenant retail center featuring best-in-class 2024 construction with zero deferred maintenance and turnkey Day-1 cash flow
• Anchored by Peachtree Immediate Care (dominant Georgia urgent care operator) and Mattress Warehouse (300+ locations nationwide) – both on fresh corporate-guaranteed NNN leases
• Delivering $279,520 current-year NOI | $37.27 PSF in-place – premium yielding asset with embedded growth from Day 1
• Pure triple-net leases reimbursing for CAM, Taxes, and Insurance.
DIRECT PUBLIX SHADOW | TOP 30% PERFORMING STORE REGIONALLY
• Positioned directly across from brand-new Covington Town Center Publix ranked #43 out of 143 Atlanta-region locations per Location Intelligence & Foot Traffic Data Software – Placer.ai – top 30% visitation and sales volume
• Trophy retail intersection surrounded by Chick-fil-A, Whataburger, QuikTrip, Zaxby’s, Dunkin’, Panda Express, and Freddy’s Frozen Custard – creating explosive daily traffic synergy
• Publix shadow locations consistently deliver superior tenant sales, investor demand, and market resilience
INVESTMENT HIGHLIGHTS | 2% ANNUAL BUMPS + STEP-UPS IN OPTIONS | ORGANIC NOI GROWTH FROM DAY 1
• Peachtree Immediate Care: rare 2% annual rental increases locked in through primary term + three 5-year options with identical escalations
• Mattress Warehouse: significant rent step-ups beginning 2031 and continuing through option periods
• Both tenants committed through December 2035 minimum | 11+ years weighted average lease term remaining | Zero rollover until 2035+
AFFLUENT & EXPLOSIVE GROWTH SUBMARKET | ATLANTA MSA INFILL
• $110,830+ average household income within 3 miles – significan tly above Atlanta MSA average
• Immediate residential pipeline of 945 new units delivering within minutes: – 350 units | The Cove at Covington Town Center – 207 units | Quinn Residences – 388 units | The Sinclair at Callaway Farm •
• Additional daytime population drivers include Piedmont Newton Hospital and multiple Newton County school clusters
Investment Highlights
- BRAND-NEW 2024 CONSTRUCTION MEDICAL-ANCHORED NNN RETAIL STRIP
- DIRECT PUBLIX SHADOW TOP 30% PERFORMING STORE REGIONALLY
- 2% ANNUAL BUMPS + STEP-UPS IN OPTIONS
- AFFLUENT & EXPLOSIVE GROWTH SUBMARKET ATLANTA MSA INFILL
Exclusively Listed By
Shopping Strip
Mattress Warehouse | Peachtree Immediate Care
Listing Price: $4,472,000
Investment Highlights
- BRAND-NEW 2024 CONSTRUCTION MEDICAL-ANCHORED NNN RETAIL STRIP
- DIRECT PUBLIX SHADOW TOP 30% PERFORMING STORE REGIONALLY
- 2% ANNUAL BUMPS + STEP-UPS IN OPTIONS
- AFFLUENT & EXPLOSIVE GROWTH SUBMARKET ATLANTA MSA INFILL
Investment Overview
BRAND-NEW 2024 CONSTRUCTION | MEDICAL-ANCHORED NNN RETAIL STRIP • Newly delivered 7,500 SF two-tenant retail center featuring best-in-class 2024 construction with zero deferred maintenance and turnkey Day-1 cash flow • Anchored by Peachtree Immediate Care (dominant Georgia urgent care operator) and Mattress Warehouse (300+ locations nationwide) – both on fresh corporate-guaranteed NNN leases • Delivering $279,520 current-year NOI | $37.27 PSF in-place – premium yielding asset with embedded growth from Day 1 • Pure triple-net leases reimbursing for CAM, Taxes, and Insurance. DIRECT PUBLIX SHADOW | TOP 30% PERFORMING STORE REGIONALLY • Positioned directly across from brand-new Covington Town Center Publix ranked #43 out of 143 Atlanta-region locations per Location Intelligence & Foot Traffic Data Software – Placer.ai – top 30% visitation and sales volume • Trophy retail intersection surrounded by Chick-fil-A, Whataburger, QuikTrip, Zaxby’s, Dunkin’, Panda Express, and Freddy’s Frozen Custard – creating explosive daily traffic synergy • Publix shadow locations consistently deliver superior tenant sales, investor demand, and market resilience INVESTMENT HIGHLIGHTS | 2% ANNUAL BUMPS + STEP-UPS IN OPTIONS | ORGANIC NOI GROWTH FROM DAY 1 • Peachtree Immediate Care: rare 2% annual rental increases locked in through primary term + three 5-year options with identical escalations • Mattress Warehouse: significant rent step-ups beginning 2031 and continuing through option periods • Both tenants committed through December 2035 minimum | 11+ years weighted average lease term remaining | Zero rollover until 2035+ AFFLUENT & EXPLOSIVE GROWTH SUBMARKET | ATLANTA MSA INFILL • $110,830+ average household income within 3 miles – significan tly above Atlanta MSA average • Immediate residential pipeline of 945 new units delivering within minutes: – 350 units | The Cove at Covington Town Center – 207 units | Quinn Residences – 388 units | The Sinclair at Callaway Farm • • Additional daytime population drivers include Piedmont Newton Hospital and multiple Newton County school clusters
Exclusively Listed By