Grocery Store

Covington, LA Grocery And Convenience Stores for Sale

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Freestanding Dollar General in Abita Springs
Updated: Sep 13, 2024
Freestanding Dollar General in Abita Springs

21458 Hwy 36, Covington, LA

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7,500 sqft 0.76 AC lot
Investment grade credit rating of "BBB" with S&P and a positive/stable outlook.
NN+ lease structure - minimal landlord responsibilities.
Dollar General boasts 33 consecutive quarters of same‑store sales growth and 2021 revenues topped $34 billion with $2.4 billion in net income.
Strategically situated directly along Hwy 36 experiencing over 8,000+ vehicles passing site daily.
Strong demographics: 20,000+ people reside within 3 miles, 6,000+ daytime employees, and average household income exceeds $77,000+ within 3 miles.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, LA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Grocery Store Building
Grocery Store Building

916 Palestine Road, Picayune, MS 39466

$1,200,000
6,878 sqft 1.22 AC lot

Commercial building with on-site parking, C-1 zoning, and access from Palestine Road.

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Grocery Store Building on Acreage
Grocery Store Building on Acreage

916 Palestine Rd, Picayune, MS 39466

$1,200,000
6,878 sqft 1.22 AC lot

The sale covers the building and land, while the existing grocery business is excluded.

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Grocery Store with Deli
Grocery Store with Deli

101 DERBIGNY Street, Bogalusa, LA 70427

$399,000

Operational grocery space includes equipment, walk-in coolers, and a dedicated loading area.

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Grocery Store with Deli
Grocery Store with Deli

101 DERBIGNY Street, Bogalusa, LA 70427

$399,000

Food-service areas, cold storage, and included equipment support continued grocery operations.

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Covington, LA Grocery And Convenience Stores Market Trends and Statistics

Explore 1 grocery and convenience stores for sale in Covington, LA on our real estate platform. These investment opportunities span a total of 7,500 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 7
Shopping centers 6
Auto shops 1
Automotive properties 1
Banks 1

Demographics Overview

Population 63K
Population Growth (5Y) +14.9%
Median Household Income $80,022
College Educated 34.2%

Taxes & Financing

Tax Rate (average for all types) 12.71%
Property Tax per SF $19.46 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in St. Tammany Parish

New Delisted

Total CRE Inventory on Market (SF)

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