WDG Real Estate Partners Sells Retail Center In Covington Georgia For $4.1M
12700 Town Center Drive Northeast
$4,100,000
$546/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Apr 22, 2026
About this deal
AI
A newly built 7,500-square-foot, two-tenant retail center located at 12700 Town Center Drive Northeast in Covington, Georgia, was sold for $4,100,000. The market activity reflects pricing of approximately $547 per square foot in this area, situated about 36 miles east of Atlanta.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,100,000
- Address: 12700 Town Center Drive Northeast
- Market: Covington, GA
- Square Footage: 7,500
- Price Per Square Foot: $547
- Seller: WDG Real Estate Partners
- Broker Representatives: Zachary Taylor, Don McMinn & Eric Abbott - Marcus & Millichap
Marcus & Millichap arranged the transaction, with brokers Zach Taylor, Don McMinn, and Eric Abbott representing seller WDG Real Estate Partners, while Brian Munn sourced the buyer for the retail center.
Players
Covington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93