Hammond, LA 70403

Take 5 Oil Change Ground Lease

Property Address

112 South Morrison Boulevard, Hammond, LA, USA

Offering Summary

  • Price: $1,103,000
  • Lot Size: .15 Acres
  • Cap Rate: 6.25%
  • 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