Multi-Tenant Pad Building in
10373 Industrial Boulevard, Covington, GA 30014
100% leased, three-tenant building near Walmart and Home Depot.
Type:Retail
Property size:
8,500 SFPrice / SF:
$440/SF- Added:
- Nov 25, 2025
- Days on Market:
- 187
- Last Refresh:
- May 19 at 10:18 pm
Property Features for 10373 Industrial Boulevard
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2014
Listing agent Shaun Riley License #CalDRE #01165160 (714) 608-3416
Listing office Faris Lee Investments (714) 608-3416
Listing date Nov 25, 2025
Source Farislee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
HighLights
- Anchored by Mattress Firm (NYSE:SGI), a national brand with 2,300+ locations.
- Located adjacent to a top‑performing Walmart Supercenter, driving significant customer traffic.
- All original tenants with recent lease renewals and a 10‑year historical occupancy, indicating stability.
- NNN leases provide ease of management, with tenants responsible for taxes, insurance, and common area maintenance.
- Property is 100% leased with a 6.65% Cap Rate in Sept 2028 and annual rent increases in 2 of 3 leases.
- Located in Covington, GA, a growing suburb of Atlanta with a diverse economy and strong population growth.
Overview
This multi-tenant pad building is located in Covington, Georgia, approximately 35 miles east of Atlanta. The property is anchored by Mattress Firm (NYSE:SGI), which has over 2,300 locations. All tenants are original, have occupied the property for 10 years, and have recently renewed their leases. The tenants operate under NNN leases, making them responsible for taxes, insurance, and common area maintenance expenses. More than one-half of the leasable square footage contains annual rent increases while Mattress Firm has their next rent increase in February 2028. The property is strategically positioned as an outparcel pad to a Walmart Supercenter, which ranks in the top 6 percentile for customer visits of all Walmart stores in Georgia. The location benefits from crossover shopping opportunities created by the adjacent Walmart Supercenter and Home Depot. Covington is anticipated to continue its strong population growth over the next 10 years. In addition to being home to Cinelease Studios, major employers include General Mills, Bridgestone Golf, and Bard Medical. Covington is known as the "Hollywood of the South" and is home to major entertainment studios. The property is part of the dominant trade center in the area.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Newton
- State
- Georgia
- Longitude
- -83.8265
- Latitude
- 33.6112
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FAQs
What type of property is this?
Strip mall - 100% leased, three-tenant building near Walmart and Home Depot.
Where is this strip mall located?
The property is located at 10373 Industrial Boulevard Covington, GA.
What is the asking price?
The asking price for this property is $3,745,000.
What are key features of this property?
This property features: Anchored by Mattress Firm (NYSE:SGI), a national brand with 2,300+ locations.; Located adjacent to a top‑performing Walmart Supercenter, driving significant customer traffic.; All original tenants with recent lease renewals and a 10‑year historical occupancy, indicating stability.
