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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

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