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Alleghany Shopping Center 920 S Craig Ave 6,000 - 39,539 SF of Space Available in Covington, VA 24426
Highlights
- Desirable anchor space available within Covington's main retail corridor.
- Join other national retailers like O'Reilly Auto Parts, CVS, and Verizon.
- Anchored by Food Lion, the only grocery store located in the City of Covington.
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,000-13,539 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
920-1107 S Craig Ave - 1st Floor
- Fits 15 - 109 People
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,000-26,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 6,000-13,539 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
920-1107 S Craig Ave - 1st Floor
Centrally located 26,000 SF Flex / Warehouse Building in the heart of Covington. Enterprise Zone. 16 foot ceiling heights. 2 Dock Height Doors with 1 drive-in door. Office size: 2,000 SF (approx.) and warehouse space 23,000 SF (approx.). Lot across the street for additional parking and storage.
- 2 Loading Docks
920-1107 S Craig Ave - 1st Floor
- Fits 15 - 109 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Alleghany Shopping Center
- Tenant
- Description
- US Locations
- Reach
- Alliance Xpress Care
- Urgent Care
- 1
- Local
- Cvs Pharmacy
- Drug Store
- 9,811
- National
- Food Lion
- Supermarket
- 1,284
- National
- O'Reilly Auto Parts
- Automotive
- 7,324
- International
- Verizon
- Wireless Communications
- 7,965
- International
| Tenant | Description | US Locations | Reach |
| Alliance Xpress Care | Urgent Care | 1 | Local |
| Cvs Pharmacy | Drug Store | 9,811 | National |
| Food Lion | Supermarket | 1,284 | National |
| O'Reilly Auto Parts | Automotive | 7,324 | International |
| Verizon | Wireless Communications | 7,965 | International |
Property Facts
| Total Space Available | 39,539 SF | Frontage | 300’ on S. Craig Ave. |
| Min. Divisible | 6,000 SF | Gross Leasable Area | 122,285 SF |
| Center Type | Neighborhood Center | Total Land Area | 13.08 AC |
| Parking | 372 Spaces | Year Built | 1986 |
| Stores | 4 | Cross Streets | NWC Craig St. & Lexington Ave. |
| Center Properties | 5 |
| Total Space Available | 39,539 SF |
| Min. Divisible | 6,000 SF |
| Center Type | Neighborhood Center |
| Parking | 372 Spaces |
| Stores | 4 |
| Center Properties | 5 |
| Frontage | 300’ on S. Craig Ave. |
| Gross Leasable Area | 122,285 SF |
| Total Land Area | 13.08 AC |
| Year Built | 1986 |
| Cross Streets | NWC Craig St. & Lexington Ave. |
About the Property
• Anchored by strong performing Food Lion, the only full service grocery store located in the City of Covington. • Great junior anchor opportunity with abundant parking. • High traffic retail corridor with multiple national retailers and restaurants in the surrounded area. • Traffic Counts: S. Craig Ave. (Rt. 154): 13,000 VPD.
Nearby Major Retailers
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Alleghany Shopping Center | 920 S Craig Ave
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