Occupied Neighborhood Shopping
For Sale
Contact for pricing
Pending
835 Highway 51, Covington, TN 83647
Established retail center with multiple tenants, dual access, and space for additional occupancy.
Property SizeContact for details
Days on Market144
Property Features for 835 Highway 51
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Market Street Retail Advisors
(615) 309-6100
Listed By:
Harrison Truex · License #TN 281101
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Apr 11 at 12:55AM
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 Market Street Retail Advisors
Investment Insights
Based on property information with market context.
Park Plaza is a 53,965-square-foot shopping center constructed in 1975, with a retail-oriented tenant mix that includes Save-A-Lot, Rent-A-Center, and Family Dollar. The property contains seven tenants and two vacant spaces, with reported occupancy of 95%.
Located at 835 Highway 51 in Covington, Tennessee, the center fronts the primary commercial corridor and offers access from both Highway 51 and Peeler Road. Peeler Road meets Highway 51 at a signalized intersection, providing two access points to the property.
The existing configuration combines established retail tenancy with available space within the center, supporting continued operation as a multi-tenant neighborhood shopping destination.
Located at 835 Highway 51 in Covington, Tennessee, the center fronts the primary commercial corridor and offers access from both Highway 51 and Peeler Road. Peeler Road meets Highway 51 at a signalized intersection, providing two access points to the property.
The existing configuration combines established retail tenancy with available space within the center, supporting continued operation as a multi-tenant neighborhood shopping destination.
Key Highlights
- 53,965‑square‑foot shopping center built in 1975
- 95% occupied with seven tenants and two vacant spaces
- Tenants include Save‑A‑Lot, Rent‑A‑Center, and Family Dollar
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Home Improvements & Furnishings 44%
Harbor Freight Tools
Home Improvements & Furnishings
8,123 visits/mo
0.1 miles
Regions Bank
Shops & Services
6,933 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
2,547 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
722 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with multiple tenants, dual access, and space for additional occupancy.
Where is this shopping center located?
The property is located at 835 Highway 51 Covington, TN.
What are key features of this property?
This property features: 53,965‑square‑foot shopping center built in 1975; 95% occupied with seven tenants and two vacant spaces; Tenants include Save‑A‑Lot, Rent‑A‑Center, and Family Dollar
