Starbucks - Hammond, LA
Starbucks | High Traffic Corridor | Near I-12, I-55 and a University | Hammond, LA
Marketing description
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.
Investment highlights
Tenant proactively exercised its 5-year renewal option, several years ahead of the deadline, providing long-term income stability.
On Hwy 190, which serves the main corridor through the heart of Louisiana, and is the center point for I-55 and I-10.
This shopping center, anchored by Starbucks, is located in the area’s key shopping destination with a strong tenant mix including Winn-Dixie, Ross, Office Depot, CitiTrends, and CVS.
Single-tenant property leased to Starbucks, a globally recognized brand with strong consumer demand and an established performance history. This is one of the most sought-after credit tenants in retail real estate.
Starbucks has an investment-grade credit rating and is the largest coffee provider in the World with over 35,700 stores.
Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth.
This center benefits from its excellent access to I-12 and I-55 and proximity to Southeastern Louisiana University, with over 16,000 students.
Store configuration is adaptable to a variety of alternative uses.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
