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351 Holiday Dr Covington, LA 70433

For Sale
$2,143,000

High-Yield Government Lease, Excellent Location

Property size:
15,682 SF

Description

Added:
Feb 3, 2025
Days on Market:
309
This exceptional 15,682 square foot commercial building presents a compelling investment opportunity in Covington, Louisiana. Situated on a 1.3-acre lot, the property enjoys a prime location just off Highway 190 and I-12, ensuring high visibility and convenient access. Currently leased to a government tenant, this property offers a secure and stable income stream. The tenant has a long-standing history at this location, having recently renewed their lease for another five years, with the next renewal date in mid-2026. This provides significant lease stability and predictable cash flow for the investor. The building itself offers ample space, suitable for a variety of commercial uses, given its current configuration. The 8% capitalization rate further underscores the strong return on investment potential. This is a rare opportunity to acquire a well-located, government-leased commercial property with a proven track record of consistent occupancy and a substantial remaining lease term. The property's strategic location near major transportation arteries makes it highly attractive for both the current tenant and future potential occupants. This turnkey investment offers a blend of security, profitability, and long-term growth potential. Serious inquiries are encouraged.

Property Features for 351 Holiday Dr

General Information

Property type
Other commercial real estate
Square Feet
15,682 SF
Lot Size
56,628 SF

Building Details

Year Built
2000

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Covington
County
St. Tammany
State
Louisiana
Longitude
-90.09107
Latitude
30.43762

FAQs

What type of property is this?
Commercial real estate - High-Yield Government Lease, Excellent Location
Where is this commercial real estate located?
The property is located at 351 Holiday Dr Covington, LA.
What is the asking price?
The asking price for this property is $2,143,000.
More about this property
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