2307 Thomas StHammond, LA 70401

Property Details for 2307 Thomas St

Lot size

0.74 AC

Property type

Other commercial real estate

APN

6547932

APU

6547932

Description

This exceptional investment opportunity presents a brand-new, double drive-thru 7 Brew coffee shop in Hammond, Louisiana, within the New Orleans-Metairie MSA. The property boasts a 20.1-year absolute NNN ground lease commencing June 4, 2024, and expiring June 30, 2044, with a remaining term of 19.6 years. Rent increases of 10% are built into the lease every five years. The 550-square-foot building sits on a 0.76-acre lot with 10 parking spaces and is located on a major thoroughfare with 29,200 vehicles per day. The property benefits from its proximity to a large, grocery-anchored shopping center and major interstate access (Interstate 55 and Interstate 12). The current NOI is $129,000, with a pro-forma NOI of $141,900, resulting in a 6.50% cap rate and a pro-forma cap rate of 7.15%. The asking price is $1,985,000. The property features four five-year lease options and is zoned for commercial use. This is a passive investment opportunity with zero landlord responsibilities, offering significant potential for long-term returns due to the strong brand identity and growth of 7 Brew, a high-performing QSR tenant. The property's prime location and high traffic volume ensure consistent revenue generation. The APN is 6547932.

• Alternative Use

  Use

  Valuation

  Residential

  $5,172,823

  Hospitality

  $4,738,278

  Educational

  $3,942,192

  Medical

  $4,077,770

  Retail

  $6,132,298

Location Insight

City

Hammond

County

Tangipahoa

State

Louisiana

Latitude

30.5004

Longitude

-90.4874

CBSA code

25220

CBSA name

HAMMOND, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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