7173 Covington Hwy - Freestanding FOR SALE


Lithonia, GA 30058- Southeast DeKalb
$3,100,000 USD
404-207-1171
7173 Covington Hwy, Lithonia, GA for Sale
$3,100,000 USD
Freestanding - FOR SALE
1/3
null | 8.73% Cap Rate

7173 Covington Hwy
Lithonia, GA 30058
Southeast DeKalb


HIGHLIGHTS

  • 100% Leased asset totaling 22,000 SF with 18 in-place tenants, delivering immediate and predictable cash flow.
  • Diverse tenant mix across retail shops and industrial uses, reducing tenant concentration risk.
  • On Covington Highway with traffic counts of over 28,000 VPD, supporting long-term tenant demand.
  • Supported by well-established tenants in a dense trade area with 541,949 population.
  • Opportunity in a growing metro Atlanta corridor with consistent traffic and population growth.
  • Functional site layout with 160 spaces on a 0.86-acre parcel, enhancing tenant retention.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

8.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covington Commerce Center - Lithonia, GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

M

APN/PARCEL ID

16-121-03-011

ASK ABOUT THIS PROPERTY

Lasha KortavaSands Investment Group Atlanta, LLCMore Info
404-207-1171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Lasha KortavaSands Investment Group Atlanta, LLCMore Info
404-207-1171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.