7444 Kennedy Ave
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7444 Kennedy Ave
2,070 SF 100% Leased Retail Building Hammond, IN 46323 £533,257 (£258/SF) 5.87% Net Initial Yield
Investment Highlights
- The #1 Domino's in Hammond
- 11' ceilings
- New Roof installed in the Spring of 2024
Executive Summary
Commercial 2 unit strip mall in a GREAT location. This property is visible from the 80/94 expressway for easy access to travelers. This is actually 2 separate parcels. New Roof Installed in the Spring of 2024. The one to the North has the strip mall, and the one to the South is a vacant lot. The building currently houses the #1 Domino's Pizza Franchise in the area, and with a NNN lease that extends to 2024 with the option of a 5 year extension available twice more. The 2nd unit has a new tenant with a 3 year NNN lease starting on 01/01/24 with two 3 years options available. With the addition of the vacant lot to the South you have a variety of possibilities. You can add on to the existing building, build a 2nd building, or have a billboard installed for additional income. The parcel # for the vacant lot, 7504 Kennedy Ave, is 45-07-16-179-016.000-023
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,070 SF
Year Built
2004
Price
£533,257
Price Per SF
£258
Net Initial Yield
5.87%
NOI
£31,302
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Land Acres
0.34 AC
Parking
9 Spaces (4.35 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Domino's Pizza
- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Smoke Shop Superstore
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Domino's Pizza | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Smoke Shop Superstore | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 45-07-16-131-019.000-023 | Improvements Assessment | £72,365 |
| Land Assessment | £86,743 | Total Assessment | £159,108 |
PROPERTY TAXES
Parcel Number
45-07-16-131-019.000-023
Land Assessment
£86,743
Improvements Assessment
£72,365
Total Assessment
£159,108
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Mark Keene - BS Realty Services Indiana, LLC
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7444 Kennedy Ave
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