351 Holiday BlvdCovington, LA 70433

Property Details for 351 Holiday Blvd

Year built

2008

Lot size

1.30 AC

Property size (Sq ft)

16,764 SF

Property type

Commercial real estate

APN

29813

APU

29813

Description

This exceptional commercial retail property, located at 351 Holiday Blvd in Covington, Louisiana, presents a compelling investment opportunity. The single-story, 15,682 square foot building sits on a 1.3-acre lot and boasts a Class B designation. Constructed in 2010 (with renovations completed that same year), the property is zoned for commercial use and features a convenient location just off Highway 190 and I-12, ensuring high visibility and accessibility. The property is currently leased under a NNN (Net, Net, Net) lease agreement, with the tenant having a long-standing presence, recently renewing their lease for another five years, with the next renewal anticipated in mid-2026. This provides a stable income stream and minimizes landlord responsibilities. The property's attractive 7.50% cap rate and unit price ranging from $179.92 to $180.11 per square foot make it a highly desirable investment. The property's APN is 1071294172. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a thriving Louisiana market. The property's strong tenant history and prime location make it an ideal addition to any investment portfolio. The building's single-story design and ample parking further enhance its appeal. This property offers a blend of stability and growth potential, making it an attractive investment for discerning buyers.

• Alternative Use

  Use

  Valuation

  Residential

  $2,628,275

  Hospitality

  $2,407,486

  Educational

  $2,003,000

  Medical

  $2,071,886

  Retail

  $3,115,778

Location Insight

City

Covington

County

Saint Tammany

State

Louisiana

Latitude

30.4376

Longitude

-90.091

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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