2448 W Thomas St - Freestanding FOR SALE


Hammond, LA 70401
$1,380,000 USD
770-501-3007
2448 W Thomas St, Hammond, LA for Sale
$1,380,000 USD
Freestanding - FOR SALE
1/5
null | 5.5% Cap Rate

2448 W Thomas St
Hammond, LA 70401


HIGHLIGHTS

  • Tenant proactively exercised its 5-year renewal option, several years ahead of the deadline, providing long-term income stability.
  • On Hwy 190, which serves the main corridor through the heart of Louisiana and as the center point for I-55 and I-10.
  • This shopping center anchored Starbucks is located in the area’s key shopping destination with a strong tenant mix including Winn-Dixie, Ross Etc.
  • Single-tenant property leased to Starbucks, a globally recognized brand with strong consumer demand and established performance history.
  • Starbucks has an investment grade credit rating and is the largest coffee provider in the World with over 35,700 stores.
  • Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 1,976 SF Starbucks located at 2448 W Thomas Street in Hammond, LA. This single-tenant property is leased to Starbucks, a highly sought-after credit tenant with strong consumer demand and a proven performance history. Strategically located with excellent access to I-12 and I-55 and near Southeastern Louisiana University, which enrolls over 16,000 students, the property benefits from consistent traffic and visibility. This offering provides investors with a stable, long-term, and income-producing retail asset. In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT

FOR SALE DETAILS

PRICE

$1,380,000 USD

PRICE/SF

$698 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Hammond, LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C2

APN/PARCEL ID

06006531

ASK ABOUT THIS PROPERTY

Munir MeghjaniSands Investment Group Atlanta, LLCMore Info
770-501-3007

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Munir MeghjaniSands Investment Group Atlanta, LLCMore Info
770-501-3007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.