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Covington Square 6116-6154 Covington Hwy
4,240 SF of Retail Space Available in Lithonia, GA 30058
Highlights
- Heavy Traffic Center
- Parking in the front and back of center
- National anchor tenants
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 6132 | 4,240 SF | 5-10 Years | $15.00 /SF/YR $1.25 /SF/MO $161.46 /m²/YR $13.45 /m²/MO $5,300 /MO $63,600 /YR | Triple Net (NNN) |
6116-6154 Covington Hwy - 1st Floor - Ste 6132
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Covington Square
- Tenant
- Description
- US Locations
- Reach
- City Gear
- Sporting Goods
- 1,496
- National
- Dollar Tree
- Retailer
- -
- -
- Metro by T-Mobile
- Wireless Communications
- 13,244
- National
- Planet Fitness
- -
- -
- -
- Rainbow Apparel
- Ladies' Apparel
- 1,485
- National
- Subway
- Sub Sandwich
- 35,628
- International
| Tenant | Description | US Locations | Reach |
| City Gear | Sporting Goods | 1,496 | National |
| Dollar Tree | Retailer | - | - |
| Metro by T-Mobile | Wireless Communications | 13,244 | National |
| Planet Fitness | - | - | - |
| Rainbow Apparel | Ladies' Apparel | 1,485 | National |
| Subway | Sub Sandwich | 35,628 | International |
PROPERTY FACTS FOR 6116-6154 Covington Hwy , Lithonia, GA 30058
| Center Type | Neighborhood Center | Gross Leasable Area | 151,036 SF |
| Parking | 1,251 Spaces | Total Land Area | 22.73 AC |
| Stores | 31 | Year Built | 1988 |
| Center Properties | 5 | Cross Streets | Panola Rd |
| Frontage |
| Center Type | Neighborhood Center |
| Parking | 1,251 Spaces |
| Stores | 31 |
| Center Properties | 5 |
| Frontage | |
| Gross Leasable Area | 151,036 SF |
| Total Land Area | 22.73 AC |
| Year Built | 1988 |
| Cross Streets | Panola Rd |
About the Property
High traffic center on Covington Hwy and Panola Rd. Strong diverse anchor tenants, Planet Fitness, Dollar Tree, Wendy's, Metro PCS, Rainbow, and City Gear. 1,050 SF available, in-line with other retail stores, currently built out as office space. Ample parking in front and back of shopping center.
- Security System
- Signalized Intersection
- Monument Signage
-
Joel Irving -
Mgmt-Etc. Corp.
Presented by
Covington Square | 6116-6154 Covington Hwy
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