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Alleghany Shopping Center 920 S Craig Ave 7,000 - 26,000 SF of Industrial Space Available in Covington, VA 24426
HIGHLIGHTS
- Desirable anchor space available within Covington's main retail corridor.
- Anchored by Food Lion, the only grocery store located in the City of Covington.
SPACE AVAILABILITY (1)
Display Rental Rate as
- 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 |
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
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
- 9,805
- National
- Food Lion
- Supermarket
- 1,299
- National
- U.S. Cellular
- Wireless Communications
- 772
- National
- Verizon
- Wireless Communications
- 8,463
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Alliance Xpress Care | Urgent Care | 1 | Local |
| Cvs Pharmacy | Drug Store | 9,805 | National |
| Food Lion | Supermarket | 1,299 | National |
| U.S. Cellular | Wireless Communications | 772 | National |
| Verizon | Wireless Communications | 8,463 | International |
PROPERTY FACTS
| Total Space Available | 26,000 SF | Frontage | 300’ on S. Craig Ave. |
| Min. Divisible | 7,000 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 | 26,000 SF |
| Min. Divisible | 7,000 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
NewLink Management Group is proud to offer a unique commercial opportunity located in the City of Covington. The prominent Alleghany Square, anchored by the popular Food Lion, provides a selection of retail spaces ranging from 10,000 to 27,104 square feet. With Food Lion operating as the city's sole full-service grocery store, this location benefits from a steady stream of customers, elevating the potential for visibility and customer engagement. Anchoring opportunities at Alleghany Square stand out with the inclusion of new pylon signage and abundant parking space, enhancing convenience for both businesses and customers. The property boasts a prime location along a high traffic retail corridor, S. Craig Ave. (Rt. 154), experiencing a daily traffic count of 13,000 vehicles. This bustling artery is surrounded by a plethora of national retailers and restaurants, contributing to an atmosphere of vibrant commercial activity. In 2022, Alleghany Square drew an impressive one million visitors, demonstrating its strong customer appeal and strategic location. These high foot-traffic figures offer potential tenants a bustling market to tap into. The center also benefits from being in close proximity to Covington High School, which aids in driving consistent foot traffic throughout the day. The property presents a flexible opportunity with available warehouse/industrial outparcels situated behind Food Lion. Additionally, there's an anchor tenant space next to CVS, offering the option for subdivision to accommodate multiple businesses or to provide a spacious location for a single tenant. This offering at Alleghany Square in Covington provides not just a retail space, but a thriving commercial environment surrounded by a robust mix of retailers and a steady stream of customers. This center presents a unique opportunity for businesses looking to expand or relocate to a well-established, high-traffic location.
NEARBY MAJOR RETAILERS
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Alleghany Shopping Center | 920 S Craig Ave
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