Overview
- Updated On:
- June 19, 2025
Description
The AP Group of Marcus & Millichap is pleased to present an exceptional opportunity to acquire the fee simple interest in a value-add office and industrial property at 90 Almon Rd, Covington, Georgia. Strategically located just off Interstate 20, the property comprises two buildings totaling 13,954 square feet on 11.45 acres of CH (Commercial Highway) zoned land.
The industrial warehouse is currently leased to The Erosion Company, LLC, with just over one year remaining on a modified gross lease featuring 4% annual escalations and no renewal options. This property offers significant value-add potential, including excess land for outdoor storage or future development, the possibility of converting office space into flex space, and the opportunity to lease existing vacancies.
Covington, Georgia, is a key location in the Southeastern United States, situated in Newton County approximately 35 miles east of Atlanta. Encompassing roughly 279 square miles, Newton County is part of the rapidly expanding Atlanta metro area. Covington benefits from a well-developed transportation network, including direct access to Interstate 20 and proximity to major logistics hubs. The region has experienced strong economic growth, driven by a thriving manufacturing sector and increasing demand from both national and regional businesses. Covington’s population of over 14,000 is bolstered by the broader Newton County population, which exceeds 113,000, reflecting a strong local workforce and a rising demand for new development opportunities.
- Prime Investment Opportunity with Value-Add Potential in the Atlanta MSA | Short-Term Lease with No Options
- Two Buildings Totaling 13,954 SF | 5,057 SF Vacant Of f ice/Flex Building
- Strong Tenant | The Erosion Company, LLC Occupies the 8,897 SF Warehouse & 1.50 AC Total
- Over 400 Employees Across Seven States | One of the Largest Erosion Control Service Providers on the East Coast
- MG Lease with 4% Annual Escalations & Over 1 Year Remaining
- Value-Add Opportunity by Converting Lease to NNN, Raising Rent to Market, & Filling Office/Flex Vacancy
- Excess Land with Rail Access | 11.45 AC with CH – Commercial Highway Zoning | Ideal for Outdoor Storage
- Excellent Access & Visibility via Interstate-20 (82,200+ VPD) | Right Off the Crowell Rd Exit 88
