2613 Thomas St, Hammond, LA 70401
4,732 SF | Retail Building | Hammond, LA 70401 | $2,215,000 ($468/SF) | 6.15% Cap Rate
For Sale
Active
Asking Price $2,215,000
- Property Type
-
Retail
- Square Feet
- 4,732 SF
- Price / Square Foot
- $468
Listing Contacts
- Property Info
Property Overview
We are pleased to offer to qualified investors, an opportunity to acquire a corporate guaranteed absolute NNN single tenant net lease investment, occupied by Express Oil Change (guaranteed by Mavis Tire) on a 15 year base term with 5, 5 year options. The subject property is located on Thomas St. (US Hwy 190) in Hammond, LA next to major retailers such as Walmart Supercenter, Hobby Lobby, Winn-Dixie, Ross Dress for Less, Lowe’s, Albertson’s
and more. Additionally, the subject property sees over 23,500 VPD and is well positioned to benefit easy access from both right and left turns into the property. This is an excellent opportunity to own a brand new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.
and more. Additionally, the subject property sees over 23,500 VPD and is well positioned to benefit easy access from both right and left turns into the property. This is an excellent opportunity to own a brand new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Lot Size (sq. ft)
- 36,155 SF
Highlights
- Brand New 15 Yr. NNN Corp. Lease with Express Oil & Tire Engineers - Part of Mavis Tire
- High Profile Retail Corridor next to Walmart/Lowe’s - Adjacent to Town & Country Plaza
- Express Oil Part of one of the Largest Automotive Service Platforms in U.S. - 1100+ Locations
- Suburban City of New Orleans - Site near Southeastern Louisiana University - over 15K Students
- Main & Main Retail Trade Area along Hwy 190 - Zero LL Duties - Brand New 2020 Prototype Construction
- Subsidiary of Golden Gate Capital w/ $19B+ in Assets - Rare Corp. Guarantee on Lease (Mavis Tire Corp)
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