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Starbucks - Hammond, LA 2448 W Thomas St 1,976 SF Retail Building Hammond, LA 70401 $1,380,000 ($698.38/SF) 5.50% Cap Rate
Investment Highlights
- Tenant proactively exercised its 5-year renewal option, several years ahead of the deadline, providing long-term income stability.
- This shopping center anchored Starbucks is located in the area’s key shopping destination with a strong tenant mix including Winn-Dixie, Ross Etc.
- Starbucks has an investment grade credit rating and is the largest coffee provider in the World with over 35,700 stores.
- On Hwy 190, which serves the main corridor through the heart of Louisiana and as the center point for I-55 and I-10.
- Single-tenant property leased to Starbucks, a globally recognized brand with strong consumer demand and established performance history.
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 1,976 SF Starbucks located at 2448 W Thomas Street in Hammond, LA. This single-tenant property is leased to Starbucks, a highly sought-after credit tenant with strong consumer demand and a proven performance history. Strategically located with excellent access to I-12 and I-55 and near Southeastern Louisiana University, which enrolls over 16,000 students, the property benefits from consistent traffic and visibility. This offering provides investors with a stable, long-term, and income-producing retail asset.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,976 SF
Building Class
C
Year Built/Renovated
1979/2024
Price
$1,380,000
Price Per SF
$698.38
Cap Rate
5.50%
NOI
$75,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.42 AC
Zoning
C2
Parking
8 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
1,214’ on West Thomas Street
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- StarbuckS
- Accommodation and Food Services
- 1,976 SF
- $38.41
- Double Net
- Apr 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| StarbuckS | Accommodation and Food Services | 1,976 SF | $38.41 | Double Net | Apr 2033 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06006531 | Improvements Assessment | $628,753 |
| Land Assessment | $0 | Total Assessment | $628,753 |
Property Taxes
Parcel Number
06006531
Land Assessment
$0
Improvements Assessment
$628,753
Total Assessment
$628,753
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Starbucks - Hammond, LA | 2448 W Thomas St
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