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Covington Commerce Center - Lithonia, GA 7173 Covington Hwy 22,000 SF 100% Leased Retail Building Lithonia, GA 30058 $3,100,000 ($140.91/SF) 8.73% Cap Rate
Investment Highlights
- 100% Leased asset totaling 22,000 SF with 18 in-place tenants, delivering immediate and predictable cash flow.
- On Covington Highway with traffic counts of over 28,000 VPD, supporting long-term tenant demand.
- Opportunity in a growing metro Atlanta corridor with consistent traffic and population growth.
- Diverse tenant mix across retail shops and industrial uses, reducing tenant concentration risk.
- Supported by well-established tenants in a dense trade area with 541,949 population.
- Functional site layout with 160 spaces on a 0.86-acre parcel, enhancing tenant retention.
Executive Summary
7173 Covington Highway, Lithonia, GA 30058 is a fully leased 22,000 SF industrial building with 18 tenants. Strategically located on the high-traffic Covington Highway (22,500 VPD) in a growing trade area with a population of 558,172 residents and a median household income of $56,171. The property offers stable cash flow, a diverse tenant mix, and long-term investment potential. The mini-mall boasts outstanding visibility and ample exposure, complemented by large signage that can be seen from every angle.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
22,000 SF
Building Class
C
Year Built
1968
Price
$3,100,000
Price Per SF
$140.91
Cap Rate
8.73%
NOI
$270,537
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.95 AC
Zoning
M
Parking
40 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
199’ on Covington Hwy
Amenities
- Bus Line
- Pylon Sign
- Restaurant
Property Taxes
| Parcel Number | 16-121-03-011 | Improvements Assessment | $240,454 |
| Land Assessment | $20,146 | Total Assessment | $260,600 |
Property Taxes
Parcel Number
16-121-03-011
Land Assessment
$20,146
Improvements Assessment
$240,454
Total Assessment
$260,600
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Covington Commerce Center - Lithonia, GA | 7173 Covington Hwy
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