1000 Coleman AveHammond, LA 70403

This exceptional 5,000-square-foot flex warehouse/industrial property in Hammond, Louisiana, presents a compelling owner-user or investment opportunity. Located on a 0.46-acre lot at 1000 W Coleman Ave, 70403, this single-story building boasts a 100% occupancy rate with a strong, long-term tenant (Fastenal) under a 7-year NNN lease commencing October 31, 2024, and expiring November 30, 2031, including rent bumps. The property features two loading docks, ten parking spaces, and a fenced, stabilized gravel yard of approximately 9,100 square feet with multiple gates. Inside, the renovated (2022) space includes two offices, a conference room, a breakroom, and two bathrooms. An upstairs apartment with a full kitchen and bathroom adds further versatility. The asking price is $656,250, representing a price per square foot of $131.25 and an 8.00% cap rate with a net operating income (NOI) of $52,500. The property is zoned C-2 and offers convenient access to downtown Hammond. This turnkey investment provides a stable income stream and significant upside potential. The property's features, strong tenant, and prime location make it an ideal acquisition for discerning investors seeking a high-return, low-risk opportunity in a thriving market.