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    12 And Louisiana Hwy 21 Covington, LA 70433

    Sponsored
    For Lease
    $10 SF/Yr

    High-traffic St. Tammany retail center

    Lot size:
    915,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    River Chase, a premier power center in St. Tammany Parish, Louisiana, offers exceptional retail space. Located at the intersection of I-12 and LA Highway 21, this 915,000 square foot center boasts a prime location with unparalleled visibility and accessibility. Anchored by major retailers such as Sam's Club, Target, Belk, and JCPenney, River Chase is the largest shopping destination in St. Tammany Parish and one of Louisiana's largest open-air shopping centers, attracting nearly 7 million visitors in 2023 (Placer.ai). Two spaces are currently available, ranging from 3,500 to 3,600 square feet, ideal for a variety of retail businesses. The property sits on 57.94 acres of land and includes ample surface parking. Beyond retail, River Chase offers significant development potential. It's a Louisiana Economic Development (LED) certified site, zoned for retail, outparcels, office, and multi-family development. Existing on-site residential includes 112 patio homes, 143 townhomes, and 536 multi-family units. Furthermore, there is 44,371 square feet of existing Class A office space, with an additional 50,178 square feet under construction (Q4 2024 delivery) and approximately 11,000 square feet under contract (Q4 2024 closing). This thriving mixed-use development presents a unique opportunity for businesses seeking high visibility and strong demographics in a rapidly growing area. The property was built in 2004 and is situated in a commercially zoned area of St. Tammany Parish County, with Brewster Road as a cross street.

    Property Features for 12 And Louisiana Hwy 21

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    915,000 SF
    Total Rate
    762500

    Building Details

    Year Built
    2004

    Unit(s) available at that property

    Space
    Suite: Prior Justice
    Size
    3,600 SF
    Rate per SF
    $45
    Space
    Suite: Prior The Children's Place
    Size
    3,500 SF
    Rate per SF
    $45

    HighLights

    • 915,000 SF power center on 57.94 acres in St. Tammany Parish, LA.
    • Anchored by Sam's Club, Target, Belk, and JCPenney.
    • Louisiana's 4th most visited open‑air shopping center (Placer.ai, 2023), with nearly 7 million visitors.
    • Features approximately 40 national and regional retailers and restaurants.
    • Louisiana Economic Development (LED) certified site.
    • Zoned for retail, outparcels, office, and multi‑family uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    Map

    City
    Covington
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.14230153
    Latitude
    30.44289139

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    FAQs

    What type of property is this?
    Power center - High-traffic St. Tammany retail center
    Where is this power center located?
    The property is located at 12 And Louisiana Hwy 21 Covington, LA.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: 915,000 SF power center on 57.94 acres in St. Tammany Parish, LA.; Anchored by Sam's Club, Target, Belk, and JCPenney.; Louisiana's 4th most visited open-air shopping center (Placer.ai, 2023), with nearly 7 million visitors.
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    12 And Louisiana Hwy 21 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

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    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
    12 And Louisiana Hwy 21 Covington, LA 70433
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