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The Nlag Advantage
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Hammond, LA 70403
Take 5 Oil Change Ground Lease
Property Address
112 South Morrison Boulevard, Hammond, LA, USA
Offering Summary
Price:
$1,076,900
Lot Size:
.15 Acres
Cap Rate:
6.40%
Year Built:
2009
Building SF:
2,165
Status:
Available
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Absolute Triple-Net (NNN) Corporate Ground Lease with Take 5 Oil Change
9 Years Remaining on Lease Term - Tenant Extended the Lease for an Additional 10 Years in 2019
2% Annual Rental Increases
61,862 Residents within a 5-Mile Radius - Growing Hammond Trade Area
Located at High Traffic Intersection (56,300+ Cars/Day)
Situated in Dense Retail Corridor - Walmart, Winn-Dixie, Albertsons, Planet Fitness, Lowes, Hobby Lobby, Save-A-Lot, and More
Less Than 2 Miles from the I-55 and I-12 Freeways, Direct Access to Baton Rouge and New Orleans
Average Household Income Exceeds $66,000 within a 5-Mile Radius
Minutes from Southeastern Louisiana University (14,260 Students)
Located Off State Highway 190, Hammond’s Main Thoroughfare
Broker Information
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
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