Listing Agency: Marcus & Millichap - Atlanta z***@ipausa.com Show Phone

Listed By: Zachary Taylor · License #GA 266327

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 6:57PM

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Investment Insights

Based on property information with market context.

This retail property comprises 32,023 SF and is offered for sale. The listing identifies a 9.00% CAP rate for the asset.

The property is located at 317 Thacker Ave in Covington, Virginia 24426.

Key Highlights

• 32,023 SF of retail space
• 9.00% CAP rate
• 317 Thacker Ave, Covington, VA 24426

Property Analytics

Current Use

Cato Fashions Clothing & Fashion Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Spa & Massage Center Hair Salon Electrical Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

56k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 63% Shops & Services 18% Apparel 11% Groceries 6%

Walmart Superstores

35,247 visits/mo 0.2 miles

Dollar Tree Shops & Services

10,001 visits/mo 0.0 miles

Cato Apparel

4,460 visits/mo 0.1 miles

Virginia ABC Groceries

3,470 visits/mo 0.0 miles

Shoe Show Apparel

1,582 visits/mo 0.0 miles

Demographics for 24426, VA

13,695

Population

7,249

Households

1.9

Avg Household Size

47

Median Age

13%

College-Educated

91%

High-School Grad

363.7 sq mi

ZIP Area

38

Density / Sq Mi

$51,841

Median Household Income

$34,937

Median Earnings

$808

Median Rent

$113,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - For-sale retail space in Covington, Virginia.

Where is this retail space located?

The property is located at 317 Thacker Ave Covington, VA.

What are key features of this property?

This property features: 32,023 SF of retail space; 9.00% CAP rate; 317 Thacker Ave, Covington, VA 24426