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Covington, LA NNN Properties for Sale

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Abita Springs, LA Mandeville, LA Madisonville, LA Folsom, LA Bush, LA Ponchatoula, LA Lacombe, LA Robert, LA
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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Express Oil Change Investment Opportunity
Updated: Dec 14, 2021
Express Oil Change Investment Opportunity

70516 LA-21, Covington, LA 70433

Contact for pricing
4,732 sqft
Corporate guaranteed (Mavis Tire) absolute NNN lease provides passive income.
15‑year base lease term with five, 5‑year options offers long‑term investment security.
New construction (2020) minimizes potential maintenance costs.
Located on a main North/South corridor in Covington, LA, providing high visibility.
Positioned near Interstate 12, offering easy access for customers.
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

Leased Bar and Entertainment Building
Leased Bar and Entertainment Building

2231 Saint Claude Avenue, New Orleans, LA 70117

$1,100,000
5,112 sqft

Fully leased bar with live entertainment operations and recent tenant improvements under a Triple NNN structure.

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NNN Retail Ground Lease Portfolio
NNN Retail Ground Lease Portfolio

4601 Veterans Blvd, Metairie, LA 70006

Contact for pricing
30,000 sqft

Four fully leased NNN retail properties anchored by national brands including Walgreens and Circle K.

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NNN Medical Office Space
NNN Medical Office Space

4421 Chastant Street, Metairie, LA 70006

$750,000

NNN medical/office specialty property available for sale, with leasing also available on a NNN basis.

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First-Floor Retail Storefront
First-Floor Retail Storefront

1222 Decatur St, New Orleans, LA 70116

Contact for pricing

Retail storefront with first-floor visibility near French Market, offered on an NNN lease structure.

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Covington, LA Nnn Properties Market Trends and Statistics

Explore 2 nnn properties for sale in Covington, LA on our real estate platform. These investment opportunities span a total of 12,232 square feet of properties for sale.

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Demographics Overview

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

High-Yield Neighborhoods for Investment

Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
70433 $2.2M

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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