Property profile

70493 La-21 Covington, LA 70433

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional 2,800 square foot restaurant space is ideally situated in Covington, Louisiana, at 70493 LA-21, Suite 800, zip code 70433. The property is an end-cap suite offering unparalleled visibility and accessibility from both Highway 21 and Greenbriar Boulevard, ensuring high foot traffic and excellent exposure for your business. The space is currently available for lease as a single-tenant occupancy. The asking rent is $24.00 per square foot, plus $4.50 in NNN charges, resulting in a total monthly cost of $6,650. A five-year lease commitment is required. This prime location presents a fantastic opportunity for a restaurant seeking a high-visibility space in a thriving area. The property's convenient access and prominent positioning make it an ideal choice for a variety of culinary concepts. The address is easily accessible and benefits from strong visibility due to its end-cap location within the building. Serious inquiries are encouraged to explore this exceptional restaurant opportunity. The property is located at latitude 30.45636157896644 and longitude -90.13403198240371.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

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

Location

70493 La-21 Covington, LA 70433
Covington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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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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