For Sale
$1,800,000

200 Hewitt RdHammond, LA 70403

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 11,907 square-foot shopping center in Hammond, Louisiana, presents a compelling investment opportunity. Located at 200 Hewitt Road, this property boasts a prime corner location with high visibility, accessible from both Hewitt Road and Railroad Avenue. The single-story, 2010-built structure sits on a 1.2-acre lot and features three established tenants: Safari Quest, Isabella’s Pizza, and Tru Café, ensuring a stable income stream. The center offers ample parking with 53 spaces and includes one existing drive-thru lane with the potential to add a second, enhancing its appeal to a wide range of businesses. Currently configured as three large suites (7,000 sq ft, 2,500 sq ft, and 2,500 sq ft), the layout is adaptable and can be reconfigured to accommodate up to seven smaller suites, providing flexibility for future tenant diversification. The property is equipped with robust utilities, including two 400-amp meters, one 200-amp meter, one 100-amp meter, and on-site gas, catering to various retail needs. The property's strong occupancy rate of 100% and a 7.78% cap rate make it an attractive investment with significant potential for growth and return. The modified lease structure provides further flexibility for long-term income generation. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving Louisiana market.

Highlights

  • $1,800,000 asking price for a 11,907 SF retail shopping center in Hammond, LA.
  • 7.78% cap rate with 100% occupancy.
  • Three tenants: Safari Quest, Isabella’s Pizza, and Tru Café.
  • Features 53 parking spaces, one existing drive-thru, and space for a second.
  • High-visibility corner lot (1.2 acres) accessible from Hewitt Road and Railroad Avenue.

Property Details for 200 Hewitt Rd

Property type
Lifestyle centers, Power centers
Square Feet
11,907 SF
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Hammond
County
Tangipahoa Parish
State
Louisiana
Latitude
30.490097419398
Longitude
-90.457865494106
200 Hewitt Rd, Hammond, Louisiana

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200 Hewitt Rd
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