Property profile

6152 Covington Hwy Lithonia, GA 30058

OFF-MARKET
Lifestyle centers
144,585 SF 1.25 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional 144,585 square foot shopping center, located at 6152 Covington Highway in Lithonia, Georgia, presents a compelling investment opportunity. Built in 1989 and renovated in 2021, this multi-tenant retail property boasts an impressive 85% occupancy rate. The property sits on a 1.25-acre lot and is offered at $1,000,000, translating to a price per square foot of $6.92. The property features excellent street frontage and visibility, making it an ideal location for a variety of businesses. The lease type is NNN, offering a passive income stream for the investor. The property's prime location in DeKalb County, Georgia, zip code 30058, ensures high traffic and visibility. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a thriving market. The property's APN is 1603901022

Property profile

Verified
Property type Lifestyle centers
Year built 1989
Total area 144,585 SF
Lot 1.25 ac (54,450 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Gym & Fitness Center
  • Bank Credit Union

Location

6152 Covington Hwy Lithonia, GA 30058
Lithonia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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