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Property profile & analytics
OFF-MARKET
Power centers

12 And Louisiana Hwy Covington, LA 70433

915,000 SF 253 ac lot Built 2004
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Power centers
Year built 2004
Total area 915,000 SF
Lot 253 ac (11,020,680 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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