Community Shopping Center Anchored by Planet
6150 Covington Hwy Lithonia, GA 30058
6150 Covington Hwy, Lithonia, GA, 30058
Contact for pricing
For Sale
Contact for pricing
Pending
Anchored community shopping center with Planet Fitness and Rainbow Shops, located at a signalized intersection.
Property Size144,585 SF
Lot Size21.00 Acres
Days on Market102
Property Features for 6150 Covington Hwy
General Information
- Standard status
- Pending
- Size
- 144,585 SF
- Lot size
- 21.00 Acres
- Property subtype
- Retail
Listing agency
CBRE - Atlanta
Listed by
Craig Taylor · License #GA 172747
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 10:15PM Checked: Jul 21 at 3:09AM
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 CBRE - Atlanta
Investment Insights
Based on property information with market context.
Covington Square is an 85% occupied, 144,585-square-foot community shopping center developed in 1989 and renovated in 2021 on 21 acres in Lithonia, Georgia. The tenant mix is anchored by a newly opened Planet Fitness, with additional notable tenants including Rainbow Shops, City Gear (Hibbett), Beauty and More, Las Colinas Restaurant, and 3D Church in a former cinema space. The center includes a vacant 21,150-square-foot bay adjacent to Planet Fitness, which is expected to increase In-Place NOI by approximately $250,000 upon lease-up.
Located at the signalized intersection of Covington Hwy (US 278) and Panola Road, the property is directly across from newly constructed LIDL Grocery and LA Fitness. Covington Square is about 1.5 miles north of I-20 and roughly 3 miles east of I-285.
The shopping center serves an estimated 81,000+ residents with $64,000+ average household income and 43,000+ daytime employment within a 3-mile trade area. Tenant retention is supported by the fact that 80% of tenants have been on-site for 5+ years, providing stability for an owner-operator or investor considering a for-sale acquisition.
Located at the signalized intersection of Covington Hwy (US 278) and Panola Road, the property is directly across from newly constructed LIDL Grocery and LA Fitness. Covington Square is about 1.5 miles north of I-20 and roughly 3 miles east of I-285.
The shopping center serves an estimated 81,000+ residents with $64,000+ average household income and 43,000+ daytime employment within a 3-mile trade area. Tenant retention is supported by the fact that 80% of tenants have been on-site for 5+ years, providing stability for an owner-operator or investor considering a for-sale acquisition.
Key Highlights
- 144,585 SF community shopping center (developed 1989) on 21 acres in Lithonia, GA
- Currently 85% occupied; 80% of tenants have been on‑site for 5+ years
- Anchored by newly opened Planet Fitness plus Rainbow Shops, City Gear (Hibbett), Beauty and More, Las Colinas Restaurant, and 3D Church
Property Analytics
Location Intelligence
Current Use by Public Records
Master jai psychic ...
Spiritual Center
Rainbow Shops
Clothing & Fashion Store
Morgan Tax Financial ...
Financial Advisor
The Glam Team Salon
Hair Salon
Salon Excellence
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Covington Square — 6150b Covington Hwy, Lithonia, GA 30058
FAQs
What type of property is this?
Shopping center - Anchored community shopping center with Planet Fitness and Rainbow Shops, located at a signalized intersection.
Where is this shopping center located?
The property is located at 6150 Covington Hwy Lithonia, GA.
What are key features of this property?
This property features: 144,585 SF community shopping center (developed 1989) on 21 acres in Lithonia, GA; Currently 85% occupied; 80% of tenants have been on‑site for 5+ years; Anchored by newly opened Planet Fitness plus Rainbow Shops, City Gear (Hibbett), Beauty and More, Las Colinas Restaurant, and 3D Church
