Pinnacle Pkwy Development Land

Located on the North East Corner of Highway 21 and Interstate 12, which boasts a combined daily traffic count of ± 108,000 VPD. This strategically positioned property on Pinnacle Parkway is within the footprint of Nord du Lac shopping center (Annual Average of 2.4 Million Visits). The development site will benefit tremendously from neighboring the 159,000 SF, $45.8 Million Dollar Costco Development (Costco averages 1.27 Million annual visits nationwide).This is the premier development site in all of St. Tammany Parish. The intersection of Interstate 12 and Hwy 21 abounds with national retailers and is the shopping hub for the high income demography of Mandeville/Covington, as well as drawing regional shoppers from as far away as Mississippi. Immediately adjacent is the Costco development. The coveted wholesaler chose this site to build its 159,000, $45 million dollar entry into the north shore market. Nearby are Kohl's, Hobby Lobby, Academy Sports, and Petco. The strong purchasing power of the Covington and Mandeville markets is appealing to national retailers, as is the steady population growth in the area. The convenient location and visibility from I-12 allows businesses at the site to attract customer from all over the surrounding region. This is a rare opportunity for a prime retail development at a proven, infill location with shovel-ready land.