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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Brewster Rd Covington, LA 70433

90,000 SF 253 ac lot
Property ID
Property summary
AI-generated overview

This exceptional St. Tammany Parish commercial development offers a unique investment opportunity. The property encompasses 253 acres (57.94 acres of buildable land) and boasts a total of 90,000 square feet of existing and planned retail and office space. Currently, 11,915 square feet of retail space is available, divisible into units as small as 1,000 square feet and up to a contiguous 3,600 square feet. Six spaces are immediately available. Future construction includes two Class A office buildings totaling 94,549 square feet, opening in Q4 2024 and Q3 2025, and a 16,450 square foot office building opening in Q3 2025. The development is strategically located at the intersection of Interstate 12 and Louisiana Highway 21, benefiting from high visibility and convenient access. Anchored by major retailers such as Sam's Club, Target, Belk, and JCPenney, this center is the largest shopping destination in St. Tammany Parish and one of the largest open-air shopping centers in Louisiana, attracting nearly 7 million visitors in 2023. The site is Louisiana Economic Development (LED) certified and zoned for retail, outparcels, office, and multi-family use, with on-site residential development already underway, including patio homes, townhomes, and multi-family units. This prime location offers unparalleled access, convenience, and visibility along one of the nation's fastest-growing corridors. The property presents a rare chance to be part of a thriving, established retail center with significant growth potential. Inquire today for pricing and availability.

Property profile
Verified
Property type Retail properties & Spaces
Total area 90,000 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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