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Existing McDonalds plus additional Retail Space
73009 Hwy 25, Covington, LA
$10/sqft/yr
Price
6.68%
Cap Rate
$73,520
NOI
Overview
Description
Prime retail location in a rapidly growing area of Covington on corner of Highway 25 and Highway 190 Bypass. Glass storefront property next to existing McDonald’s (3,500 SF) and includes remaining 2200 SF vacant space. Space features 2 ADA-compliant bathrooms, 200 amps electrical, and HVAC. Finished ceiling, plumbing, lighting, and electrical already in place. Daily traffic count of over 20,000 cars per day. First year lease rate: $10/PSF/Annual + NNN fees. $1833 + $1027 NNN = $2860 per month.
Northwest corner of Hwy 25 and Hwy 190 Bypass
Retail-commercial center in corner location at Highway bypass with signaled intersection. 1.65 acres in area of new apartment/subdivision development and other retail-commercial.
1.65 Acres M/L Sec 45 6 11
Highlights
- Existing McDonalds tenant occupies 3500 sq ft
- 5000 sq ft additional space with electricity, HVAC, baths
- Built in 2004, newer roof
- Highly visible corner location on Hwy 25 and Hwy 190
- Over 20,000 cars per day
1 Space Available
McDonald's-Anchored Retail-Commercial - 2200 SF Remaining, C, 1Strip Center
Prime retail location in a rapidly growing area of Covington on corner of Highway 25 and Highway 190 Bypass. Glass storefront property next to existing McDonald’s (3,500 SF) and includes remaining 2200 SF vacant space. Space features 2 ADA-compliant bathrooms, 200 amps electrical, and HVAC. Finished ceiling, plumbing, lighting, and electrical already in place. Daily traffic count of over 20,000 cars per day. First year lease rate: $10/PSF/Annual + NNN fees. $1833 + $1027 NNN = $2860 per month.
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