Shopping Strip
Covington Highway Shopping Center
7173 Covington Hwy (Atlanta MSA), Lithonia, GA 30058
Listing Price: $610,000
Investment Overview
The Covington Highway Shopping Center, located on a 1-acre lot in Lithonia, Georgia (Eastern DeKalb County), is a 10,000 square foot multi-tenant retail building with a billboard. It is approximately 19 miles (or roughly 23 minutes) east of downtown Atlanta.
The property has ±158 feet of frontage along Covington Highway and one easily accessible egress/ingress. This property features 45 parking spaces, pylon signage, excellent visibility, and a prominent billboard. This property is distinguished by its proximity to a QuikTrip convenience store and the adjacent busy crossroads of Covington Highway and Lithonia Industrial Blvd.
Operated by Clear Channel Outdoor since 1989, the billboard receives maximum exposure from traffic on Covington Highway (21,304 VPD 2022) and the busy intersection of Convington Highway and Lithonia Industrial Blvd.
Covington Highway Shopping Center
Investment Highlights
- 100% Occupied 3 Tenant center operating on Triple-Net-leases (NNN).
- Priced at $60 per square foot, well below replacement cost and offering substantial upside potential for future value.
- Within a 3-mile radius the property caters to a population of 55,752 with an Average HH Income of $60,144.
- Highly visible Clear Channel Outdoor operated billboard with exposure to 21,304 vehicles daily along Covington Highway.
Exclusively Listed By
Shopping Strip
Covington Highway Shopping Center
Listing Price: $610,000
Investment Highlights
- 100% Occupied 3 Tenant center operating on Triple-Net-leases (NNN).
- Priced at $60 per square foot, well below replacement cost and offering substantial upside potential for future value.
- Within a 3-mile radius the property caters to a population of 55,752 with an Average HH Income of $60,144.
- Highly visible Clear Channel Outdoor operated billboard with exposure to 21,304 vehicles daily along Covington Highway.
Investment Overview
The Covington Highway Shopping Center, located on a 1-acre lot in Lithonia, Georgia (Eastern DeKalb County), is a 10,000 square foot multi-tenant retail building with a billboard. It is approximately 19 miles (or roughly 23 minutes) east of downtown Atlanta. The property has ±158 feet of frontage along Covington Highway and one easily accessible egress/ingress. This property features 45 parking spaces, pylon signage, excellent visibility, and a prominent billboard. This property is distinguished by its proximity to a QuikTrip convenience store and the adjacent busy crossroads of Covington Highway and Lithonia Industrial Blvd. Operated by Clear Channel Outdoor since 1989, the billboard receives maximum exposure from traffic on Covington Highway (21,304 VPD 2022) and the busy intersection of Convington Highway and Lithonia Industrial Blvd.
Exclusively Listed By
