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2448 W Thomas St
Hammond, LA 70401

$1,380,000 USD

Freestanding For Sale  •  1,976 SF

Property Details

• Property Type Freestanding
• Total Building Size 1,976 SF
• Lot Size 0.42 AC
• Building Class C
• Year Built 1979
• Cap Rate 5.50 %
• Tenancy Single
• Zoning C2

50 Walk Score

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.

Cap Rate:

5.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
StarbuckS	1,976 SF	4/30/2033

Amenities

• Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hammond Amtrak Station (City of New Orleans - Amtrak)	4 min	-	2.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes