2613 W Thomas St - Retail FOR SALE


Hammond, LA 70401
$2,215,000 USD
949-903-3399
2613 W Thomas St, Hammond, LA for Sale
$2,215,000 USD
Retail - FOR SALE
1/5
null | 6.15% Cap Rate

2613 W Thomas St
Hammond, LA 70401


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)

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.

FOR SALE DETAILS

PRICE

$2,215,000 USD

PRICE/SF

$468 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

06549740

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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