7444 Kennedy AveHammond, IN 46323

This exceptional investment opportunity presents a 2-unit, 2,100 square foot retail strip mall in Hammond, Indiana, boasting a prime location visible from the 80/94 expressway. The property features a highly successful, credit-rated Domino's Pizza franchisee as its anchor tenant, holding a Net Lease (NNN) agreement with a remaining term of 2.1 years and two 3-year renewal options. A second tenant occupies the remaining space under a new 3-year NNN lease commencing January 1, 2024, with two additional 3-year options. The property offers a 5.87% cap rate and a strong NOI of $39,600. Built in 2004, the single-story building sits on a 14,767 square foot lot and includes 17 parking spaces. The asking price is $675,000, translating to $321.43 per square foot. The property consists of two separate parcels; the northern parcel houses the strip mall, while the southern parcel is a vacant lot, presenting significant expansion potential. This could include adding to the existing building, constructing a second building, or installing a billboard for additional revenue. The vacant lot's APN is 45-07-16-179-016.000-023. This is a 100% occupied property with significant upside potential. The property's APN is 450716131019000023.