New Construction Opportunity - N. US Hwy. 190

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30530021
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Status: Under Construction
Contiguous Space: 2,500 - 30,000 SF
Gross Building Area: 33,900 SF
Gross Land Area: 5 Acres
Lease Rate: $150,000 (Annual)
$5 PSF (Annual)
Base Monthly Rent: $12,500
Lease Types: Ground Lease, NNN, Other
Has Drive-Thru? Yes
Last Updated: 11/23/2022

Overview / Comments

New construction, grocery-anchored opportunity located in one of the highest traffic retail corridors on the Northshore. Hard corner site on North US Highway 190 in Covington just off of Interstate 12 with excellent visibility and access. Situated within Covington’s commercial corridor, this site is perfect for retailers looking to take advantage of the strong demographics of the Northshore. This hard corner site offers excellent exposure to the high-trafficked US Highway 190 and easy access to Interstate 12. With up to +/- 30,446 SF of space available, including the potential for drive-thrus, the site offers outstanding opportunities for a wide range of users.

It is located in close proximity to Northshore Specialty Hospital, St. Tammany Parish Hospital, Covington Behavioral Health Hospital, Ochsner Health Center for Children, PAM Specialty Hospital, Avala Hospital, and Slidell Memorial Hospital. This site is also located in close proximity to major employers such as Chevron, PoolCorp, and Hornbeck Offshore Services.

Expand All Available Space

Suite: Pad Sites - Build-to-Suit 30,000 SF $150,000 (Annual) NNN,Ground Lease,Other
Space Available: 30,000 SF
Minimum Divisible: 2,500 SF
Lease Rate: $150,000 (Annual)
$5 PSF (Annual)
$12,500 (Monthly)
Lease Type: NNN,Ground Lease,Other
Space Description: Up to 30,000 SF of retail / medical space with outparcel and pad sites available. Ground Lease, Pad Lease or Build-to-Suit opportunities. See attached Sample Site Plan for potential development layout.
Date Available: 4/1/2022
Space Type: New

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1070107506
Zoning: HC3 - HEAVY COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: US Hwy 190 and Interstate 12
Traffic/Vehicle Count: 72,316
Site Description: Anchored by Aldi (Opening Q4 2022). Excellent visibility and exposure. Convenient access to Interstate 12. Hard corner location with high traffic counts (73,868 ADT 2021). Strong demographics throughout the area. Rare opportunity for new construction in an already defined commercial corridor.
Area Description: St. Tammany Parish has a population of approximately 260,000 and a civilian labor force of over 126,000 with some of the strongest demographics in Louisiana. Offering a highly skilled, highly-trained workforce and nationally-recognized K-12 education system, St. Tammany Parish is one of the fastest growing and most desirable parishes in Louisiana. An unemployment rate that consistently remains below the national average and an average household income of over $84,700 make St. Tammany Parish a very attractive option for both residents and businesses.
Tenancy: Multiple Tenants

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,021 34,044 74,681
Median Age: 37.02 41.82 39.92
Households: 2,681 13,276 28,232

Contact

Photograph of Listing Agent

Carly Plotkin

Stirling Properties New Orleans New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Ben Graham

Stirling Properties Baton Rouge New Orleans, LA 70130
LACDB Member
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