

Income Producing Shopping Center on Highway 190
About This Property
Marketing description
Initial offering of a LARGE, INCOME-PRODUCING, EXCEPTIONALLY WELL-MAINTAINED STRIP CENTER facing highway 190 (which runs directly through the middle of DOWNTOWN HAMMOND) complete with 2 OUTBUILDINGS. ANCHORED by a host of STABLE, LONG-TERM tenants/businesses. The middle 2 bays only recently became vacant due to health-related reasons, and were occupied by a single net tenant since 2001 until last month. RENTS are ALL AT OR BELOW MARKET, so there is a SIGNIFICANT VALUE-ADD OPPORTUNITY on a MAJOR COMMERCIAL CORRIDOR. Each unit has bathrooms and RELIABLE NET LEASE TENANTS that pay ON TIME AND IN FULL. Flood zone x. ~40 parking spaces in lot.
Investment highlights
-long-term stabilized income-producing investment
-on highway 190 (in the middle of DOWNTOWN HAMMOND)
-RENTS are ALL AT OR BELOW MARKET (SIGNIFICANT VALUE-ADD OPPORTUNITY)
-NNN leases
-additional billboard on-site leased out long-term
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