| Food Lion Anchor: In Virginia, Food Lion holds a 27.7% statewide visit share, making it the most-visited chain in the state. |
| Strong Grocery Sales: With roughly 3 years remaining on the lease, Food Lion reports sales in excess of $20M |
| Retail Market Growth: Covington VA’s retail market features a mix of established retailers and smaller businesses, with a focus on convenience |
| Prime Retail Location: Well-situated in the epicenter of retail in Covington on South Craig Blvd, with superb visibility. |
| National Credit Tenants: Tenant roster at Allegheny Square is comprised of over 55% national credit retailers, facilitating overall stability |
| Outparcel Draws: A diverse range of ancillary outparcel draws, including Wells Fargo, Verizon, Truist Bank, and Wendy’s |
Edward Laycox
Matthews Real Estate Investment Services
