2307 W Thomas St - Fast Food FOR SALE


Hammond, LA 70403
$1,911,000 USD
949-221-1803
2307 W Thomas St, Hammond, LA for Sale
$1,911,000 USD
Fast Food - FOR SALE
1/6
null | 6.75% Cap Rate

2307 W Thomas St
Hammond, LA 70403


HIGHLIGHTS

  • New Double Drive-Thru 7 Brew Coffee investment property in Southeast U.S.
  • RARE 20 Year Lease with renewal options
  • 10% rental increases every 5 years
  • Absolute NNN Ground Lease: Zero landlord responsibilities
  • Prime location on U.S. Route 190 with 29,200 VPD and 20-mile radius draw for trade area
  • 7 Brew averages $2.2M in sales per location, outperforming competitors

OVERVIEW

Broker of record: STEVEN R. REISIG, CCIM - Partner / Sponsoring Broker - License No. 14916A Faris Lee Investments is pleased to present the rare opportunity to acquire a brand new, double drive-thru, long-term ground leased 7 Brew property located in Hammond, Louisiana. Hammond is part of the larger New Orleans-Metairie MSA and known as a major distribution hub for the region. The city has direct access to the Interstate 55 freeway (a major north-south corridor) and Interstate 12 (a major east-west corridor). This quick service coffee restaurant recently commenced a 20-year ground lease with 10% rental increases occurring every 5 years throughout the lease term. This brand new 7 Brew ground lease has zero landlord responsibilities, which ensures ease of ownership and makes this an ideal investment opportunity for a passive investor looking for a high-performing QSR tenant with a strong brand identity, quality product, and explosive brand growth nationwide. The subject property is positioned in the middle of Hammond’s primary retail corridor and has frontage on Ronald Reagan Highway (29,200 VPD per Land Vision), which serves as the main artery through downtown Hammond. This 7 Brew location is also adjacent from the Town & Country shopping center, a grocery-anchored shopping center that includes Winn-Dixie, Petco, Ross, CVS, Office Depot, and more. Tenants in the immediate trade area benefit from direct access to Interstate 55 (+56,000 VPD), which is the main interstate freeway connecting New Orleans MSA to Chicago and other Midwest U.S. cities. National retailer tenants and major traffic drivers surrounding the site include Walmart Supercenter, Albertsons, Lowe’s, Rouse’s, Hobby Lobby and more. Additionally, there is a significant QSR presence approximate to the subject property including national brands Chick-Fil-A, Raising Cane’s, McDonald’s, Taco Bell, Starbucks, and Wendy’s.

FOR SALE DETAILS

PRICE

$1,911,000 USD

PRICE/SF

$3,475 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew DDT | Rare 20 Yr Lease | Southeast U.S

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,933 SF

ZONING

-

APN/PARCEL ID

06547932

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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