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Marcus & Millichap Sells Walmart Shadow-Anchored Retail Center In Covington Virginia For $4.425M

Property Image
SOLD
$4,425,000
Eric Abbott
Zachary (Zach) Taylor

Virginia

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Retail64,046 SF
Sold 09/29/2025
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Property Image
SOLD

Marcus & Millichap Sells Walmart Shadow-Anchored Retail Center In Covington Virginia For $4.425M

317 Thacker Avenue & 339 Thacker Avenue

See Similar Deals
Retail64,046 SF
Sold 09/29/2025
Eric Abbott
Zachary (Zach) Taylor
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$69
Total Square Footage:64,046 SF
Transaction Type:Sale

A retail center located at 317 Thacker Avenue & 339 Thacker Avenue in Covington, VA has been sold. The transaction involved a property with a sale price of $4,425,000 and consists of 32,023 square feet. The property is 92% occupied and features tenants including Dollar Tree and T-Mobile.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,425,000
  • Square Footage: 32,023
  • Price Per Square Foot: $138
  • Address: 317 Thacker Avenue & 339 Thacker Avenue
  • Market: Covington, VA

Zachary Taylor and Eric Abbott from Marcus & Millichap represented the seller in this transaction. The property is shadow-anchored by Walmart, and the sale reflects the ongoing demand for retail spaces in the area.

Players

Zachary (Zach) Taylor
Marcus & Millichap
Zachary Taylor
42 deals$355.9M volume(678) 808-2780
BROKER
Eric Abbott
Marcus & Millichap
Eric Abbott
30 deals$169.6M volume(678) 808-2746
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 09/29/2025 ADDRESS: 317 Thacker Avenue & 339 Thacker Avenue MARKET: Covington, VA ASSET TYPE: Retail BROKERS: Zachary Taylor & Eric Abbott - Marcus & Millichap SALE PRICE: $4,425,000 SF: 32,023 ~ PPSF: $138 NOTE: Marcus & Millichap sold a 32,023-square-foot Walmart shadow-anchored retail center in Covington, Virginia for $4.425 million, representing a 92% occupied property with tenants like Dollar Tree and T-Mobile.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$235,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,721.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,976.76
Annual Debt Service$251,721.09