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    7497 Pinnacle Pkwy Covington, LA 70433

    Sponsored
    For Lease
    $41 SF/Yr

    High-visibility restaurant, prime location, near Costco.

    Lot size:
    7,739 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant space, formerly a Saltgrass Steakhouse, presents a unique opportunity in Covington, Louisiana. Located at 7497 Pinnacle Pkwy, this single-tenant retail property boasts unparalleled visibility and accessibility. Situated between two I-12 interchanges (Pinnacle Pkwy/I-12 to the east and Hwy 21/I-12 a half-mile west), it benefits from significant traffic flow. The property enjoys a strategic position in a rapidly developing commercial corridor, directly facing a retail center anchored by a 159,000-square-foot Costco currently under construction. Other prominent nearby retailers include Kohl's, Hobby Lobby, Academy Sports, and Petco. Established restaurants such as Olive Garden, Texas Roadhouse, and Cracker Barrel are also in close proximity, creating a vibrant and thriving commercial environment. Across the street, a Mercedes-Benz dealership further enhances the area's prestige and draws significant traffic. This well-situated property in St. Tammany Parish (zip code 70433) offers an ideal location for a restaurant seeking high visibility and access to a large customer base. The property's previous use as a successful steakhouse provides a solid foundation for a variety of restaurant concepts.

    Property Features for 7497 Pinnacle Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,739 SF

    Unit(s) available at that property

    Space
    Size
    7,739 SF
    Rate per SF
    $41

    HighLights

    • High visibility from major thoroughfare.
    • High traffic counts ensure significant consumer exposure.
    • Prime location within a thriving commercial district.
    • Proximity to established, successful businesses drives foot traffic and brand recognition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    St Tammany Parish
    State
    Louisiana
    Longitude
    -90.12727466889
    Latitude
    30.444651101952

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    FAQs

    What type of property is this?
    Restaurant - High-visibility restaurant, prime location, near Costco.
    Where is this restaurant located?
    The property is located at 7497 Pinnacle Pkwy Covington, LA.
    What is the lease rate?
    The lease rate is $41 SF/Yr.
    What are key features of this property?
    This property features: High visibility from major thoroughfare.; High traffic counts ensure significant consumer exposure.; Prime location within a thriving commercial district.
    Request Owner's contact information
    7497 Pinnacle Pkwy Covington, LA 70433
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7497 Pinnacle Pkwy Covington, LA 70433
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