7173 Covington Hwy, Lithonia, GA
20,000 SF mini mall with 16 stores and 3 booths.
- Added:
- Dec 6, 2024
- Days on Market:
- 556
- Last Refresh:
- May 20 at 9:05 pm
Property Features for 7173 Covington Hwy
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 2.10 Acres
- Property subtype
- RETAIL
Listing agent Andrew Ackerman (770) 626-0445
Listing office Sands Investment Group (SIG) - Corporate (844) 474-4666
Listing date Dec 6, 2024
Source Moodyscre
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 Sands Investment Group (SIG) - Corporate
HighLights
- 100% Occupied: Fully leased mini mall with established tenants, providing immediate income.
- Strategic Location: Situated on Covington Highway, between Donna Lisa Drive & Lithonia Industrial Boulevard, offering prime positioning.
- High Visibility: Boasts outstanding visibility and ample exposure on Covington Highway.
- Prominent Signage: Large signage ensures excellent visibility benefiting the property and its tenants.
- Easy Access: Convenient access enhances its appeal to tenants and customers.
- Ample Parking: Features 160 parking spaces, accommodating a high volume of customers.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $439.2k | $21.96 |
| − Vacancy | −$37.3k | −$1.87 |
| EGI | $401.9k | $20.09 |
| − OpEx | −$120.6k | −$6.03 |
| NOI | $281.3k | $14.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lithonia
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.1268
- Latitude
- 33.7141
