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Turn-Key Hwy 21 Restaurant 70367 Highway 21 6,510 SF of Retail Space Available in Covington, LA 70433
Highlights
- ±6,510 SF fully turnkey restaurant space
- Fully furnished dining room and bar area
- Commercial kitchen with 20-foot hood system
- Complete FF&E package included
- Eight-burner range, flat-top griddle, and six-basket fryer
- Two large walk-in coolers
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,510 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $227,850 /YR $18,988 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 6,510 SF | Gross Leasable Area | 9,975 SF |
| Property Type | Retail | Year Built | 2013 |
| Total Space Available | 6,510 SF |
| Property Type | Retail |
| Gross Leasable Area | 9,975 SF |
| Year Built | 2013 |
About the Property
This fully turnkey restaurant opportunity offers approximately 6,510 SF of premier restaurant space in one of the Northshore's most desirable retail corridors along Highway 21 in Covington, Louisiana. Rarely does a second-generation restaurant of this caliber become available, offering a complete front-of-house and back-of-house package that allows an operator to significantly reduce startup costs and time to opening. Designed and equipped for high-volume food and beverage operations, the space includes all furniture, fixtures, and equipment (FF&E), providing a true plug-and-play opportunity for restaurateurs, seafood concepts, upscale casual dining, or bar and grill operators. The dining area is fully furnished with tables, chairs, dinnerware, glassware, and service equipment, while the bar area features a built-in oyster bar and grill station ideal for interactive dining and specialty food offerings. The commercial kitchen is exceptionally well-equipped and designed for efficient restaurant operations. Features include a 20-foot commercial exhaust hood system, an eight-burner range, flat-top griddle, six-basket fryer system, multiple food preparation stations, dual dishwashing areas, commercial ice machine, two large walk-in coolers, ample dry storage, and dedicated office space complete with an existing security and alarm system. The layout was thoughtfully designed to accommodate high customer volumes and streamlined kitchen workflows. Strategically positioned along Highway 21, the property benefits from exceptional visibility and accessibility within one of Covington's strongest retail trade areas. The surrounding corridor is anchored by a diverse mix of retailers, office users, and affluent residential neighborhoods that generate consistent lunch and dinner traffic. The property is located directly across from Ochsner Medical Center and the MD Anderson Cancer Center, creating an additional built-in customer base of healthcare professionals, patients, and visitors throughout the day. Opportunities to acquire a fully equipped, second-generation restaurant in this market are extremely limited. Whether you're an established operator looking to expand or an entrepreneur seeking to launch a new concept, this offering presents a unique opportunity to open in a proven retail location with substantially reduced build-out costs and immediate operational potential.
Nearby Major Retailers
