Existing McDonalds plus additional Retail Space

$10/sqft/yr

73009 Hwy 25, Covington, LA 70435

For Lease

Retail Strip Center

Active

Last Updated: 12/15/2021

Details:

Cap Rate: 6.68%

NOI: $73,520

Building Size: 8,500 sqft

Lot Area: 1.65 acres

Occupancy: 41%

Units: 3

Year Built: 2004

Floors: 1

Parking Spots: 73

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

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

Map:

1 Space Available

McDonald's-Anchored Retail-Commercial - 2200 SF Remaining, C, 1 Strip Center

Available:

Immediately

Sublease:

No

SQFT

2,200

Lease Type:

Gross

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.