Property profile

73015 La-25 Covington, LA 70435

OFF-MARKET
Retail properties & Spaces
12,000 SF
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Property summary

AI-generated overview

This exceptional retail property, located at 73015 LA-25 in Covington, Louisiana, offers 12,000 square feet of space with multiple tenancy options. Currently, the center houses an Urgent Care facility, Subway, and PJ's Coffee, showcasing its appeal to a diverse range of businesses. Two spaces are immediately available, ranging from a minimum of 1,358 square feet to a maximum contiguous space of 1,495 square feet. A total of 2,853 square feet is currently vacant and ready for occupancy. The property is situated in a prime location at the northwest quadrant of the intersection of Highway 190 and Highway 25, a rapidly developing area of Covington. This high-visibility location benefits from significant traffic flow and proximity to numerous residential subdivisions, apartments, and established businesses including CVS, Walgreens, Winn-Dixie, and McDonald's. The lease terms are Net, Net, Net (NNN), with tenants responsible for their own utilities. This presents a unique opportunity for medical or other retail businesses seeking a well-positioned space within a thriving community in St. Tammany Parish, zip code 70435. Minimum divisible space is 1,358 square feet.

Property profile

Verified
Property type Retail properties & Spaces
Total area 12,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

73015 La-25 Covington, LA 70435
Covington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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