Property summary
This 1,213 square foot retail space is available for lease within The Shops @ Aldi, located at the highly visible intersection of Covington Hwy and Dekalb Medical Pkwy in Lithonia, Georgia. Boasting a prominent location with approximately 35,200 AADT, this property benefits from exceptional street visibility and high traffic counts. The Shops @ Aldi is anchored by Aldi and is surrounded by other major national retailers including Kroger, Walgreens, Family Dollar, and AutoZone, ensuring a strong customer base. The property's strategic location is further enhanced by its proximity to Emory Hillandale Hospital and Dekalb Medical at Hillandale, approximately half a mile away. The surrounding area is experiencing rapid growth and is densely populated with residential communities, providing a consistent flow of potential customers. The total building size is 8,500 square feet, with multiple tenancies. This space offers a 3-7 year lease term at a triple net (NNN) rental rate of $24.50 per square foot per year. The lease rate excludes utilities, property expenses, and building services. This is an exceptional opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment.
Property profile
VerifiedCap rate & NOI
Current use
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Mobile Phone Store Electronics & Wireless Store
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(Bike/Boat/Book/etc) Store Cosmetic Store
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Insurance Agency
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Hair Salon
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Nail Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C1 · Lithonia, GAThe purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Lithonia, GA.
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