7444 Kennedy Ave - Restaurant FOR SALE


Hammond, IN 46323
$675,000 USD
219-292-3704
7444 Kennedy Ave, Hammond, IN for Sale
$675,000 USD
Restaurant - FOR SALE
1/10
null | 5.87% Cap Rate

7444 Kennedy Ave
Hammond, IN 46323


HIGHLIGHTS

  • The #1 Domino's in Hammond
  • New Roof installed in the Spring of 2024
  • 11' ceilings

OVERVIEW

Commercial 2 unit strip mall in a GREAT location. This property is visible from the 80/94 expressway for easy access to travelers. This is actually 2 separate parcels. New Roof Installed in the Spring of 2024. The one to the North has the strip mall, and the one to the South is a vacant lot. The building currently houses the #1 Domino's Pizza Franchise in the area, and with a NNN lease that extends to 2024 with the option of a 5 year extension available twice more. The 2nd unit has a new tenant with a 3 year NNN lease starting on 01/01/24 with two 3 years options available. With the addition of the vacant lot to the South you have a variety of possibilities. You can add on to the existing building, build a 2nd building, or have a billboard installed for additional income. The parcel # for the vacant lot, 7504 Kennedy Ave, is 45-07-16-179-016.000-023

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,076 SF

ZONING

-

APN/PARCEL ID

45-07-16-131-019.000-023

ASK ABOUT THIS PROPERTY

Mark KeeneBS Realty Services Indiana, LLCMore Info
219-292-3704

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Mark KeeneBS Realty Services Indiana, LLCMore Info
219-292-3704

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