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Covington Plaza Shopping Center
401 N Hwy 190, Covington, LA 70433
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Overview
Highly visible shopping center in an irreplaceable location. Covington Plaza has traditionally remained fully leased and stable to a mix of national tenants, and is shadow anchored by a newly constructed Aldi grocery store.
Covington, LA is a dynamic and fast growing city that also serves as a bedroom community to New Orleans.
Multiple publicly traded corporations are headquartered in the immediate vicinity to Covington Plaza.
Traffic counts on Highway 190 exceed 65,000 VPD, and the population within five miles exceeds 93,000.
- 2nd & Charles recently exercised a 5 year renewal option with a rent increase
- High-performing intersection with excellent visibility
- Signalized entrance with multiple access points
- Shadow-anchored by a newly constructed Aldi grocery store
- Affluent and growing trade area with a significant corporate presence adjacent to the property:
POOLCORP (POOL - NASDAQ) global headquarters
Globalstar (GSAT - NASDAQ) global headquarters
Chevron (CVX - NYSE) headquarters of Gulf of Mexico operations - Location at the NE quadrant of the I-12 and Hwy 190 Corridor, the most heavily trafficked intersection in the region
- A new construction CAVA is now open on a second outparcel to the property. This NNN investment can also be made available for sale, please contact Christopher K. Dozier for more details
Map
Attachments
For Sale
Investment
Retail
Secondary Uses: Strip Center
- Sale Price
- $7,350,000
- Price Per SF
- $86.1/SF
- Cap Rate
- 8.3%
- Building Size
- 85,412 SF
- Acres
- 9.25 ac
- Zoning
- HC-3
- NOI
- $610,244
- Business Park
- Covington Plaza
- # of Buildings
- 1
- Floors
- 1
- Construction Siding
- Concrete
- Construction Type
- Framed
- Nearest MSA
- New Orleans-Metairie
- Property Status
- Existing
- Vehicles Per Day
- 65,530 VPD
- Avg. Occupancy
- 100%
- Parish
- St. Tammany
- Listed
- 04/14/2025
- Updated
- 01/14/2026
- Listing ID
- 05bae008
- Parcel APN
- 1070145629



