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7497 Pinnacle Pky
Covington, LA 70433
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- highly visible location
- well-trafficked area
EXECUTIVE SUMMARY
Originally built as a Saltgrass Steakhouse, 7497 Pinnacle Pkwy is a 7,739-sf single story building that makes for a valuable opportunity for a restaurant in a rapidly developing commercial corridor.
The site is located between two I-12 interchanges. To the east is the Pinnacle Pkwy/I-12 Interchange, and a half mile to the west is the Hwy 21/I-12 Interchange. The property sits in front of a retail center that includes Kohl’s, Hobby Lobby, Academy Sports, and Petco with a 159,000-sf Costco and Floor & Decor. Other outparcels contain Olive Garden, Texas Roadhouse, and Cracker Barrel. A Mercedes- Benz dealership is located on Pinnacle Parkway across the street.
The site is located between two I-12 interchanges. To the east is the Pinnacle Pkwy/I-12 Interchange, and a half mile to the west is the Hwy 21/I-12 Interchange. The property sits in front of a retail center that includes Kohl’s, Hobby Lobby, Academy Sports, and Petco with a 159,000-sf Costco and Floor & Decor. Other outparcels contain Olive Garden, Texas Roadhouse, and Cracker Barrel. A Mercedes- Benz dealership is located on Pinnacle Parkway across the street.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,739 SF
Building Class
C
Year Built
2019
Price
$2,950,000
Price Per SF
$381.19
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.41 AC
Zoning
HC-3 - highway commercial district
Parking
89 Spaces (11.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 13418 | Improvements Assessment | $139,942 |
| Land Assessment | $0 | Total Assessment | $139,942 |
PROPERTY TAXES
Parcel Number
13418
Land Assessment
$0
Improvements Assessment
$139,942
Total Assessment
$139,942
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