Covington Commerce Center – Lithonia, GA

7173 Covington Hwy, Lithonia, GA 30058, USA

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.

  • Stabilized Asset: 100% Leased asset totaling 22,000 SF with 18 in-place tenants, delivering immediate and predictable cash flow.
  • Multiple Income Streams: Diverse tenant mix across retail shops and industrial uses, reducing tenant concentration risk.
  • High-Visibility Location: On Covington Highway with traffic counts of over 28,000 VPD, supporting long-term tenant demand.
  • Durable In-Place Income: Supported by well-established tenants in a dense trade area with 541,949 population.
  • Attractive Long-Term Hold: Opportunity in a growing metro Atlanta corridor with consistent traffic and population growth.
  • Ample Parking: Functional site layout with 160 spaces on a 0.86-acre parcel, enhancing tenant retention.
  • Turnkey Investment: The property requires no lease-up, positioned for steady cash flow and potential rent growth.

 

In Cooperation With Sands Investment Group Atlanta, LLC – Lic. #67374 BoR: Andrew Ackerman – Lic. GA #311619

 

 

 

7173 Covington Hwy, Lithonia, GA 30058, USA

 

 

 

Price

$3,100,000

Cap Rate

8.73%

PREMISES

22,000 SF

YEAR BUILT

1968

Lease Expiration

Varies

RENTAL INCREASES

Varies

BROKERS

List with SIG

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