112 S Morrison Blvd
Hammond, LA 70403
Take 5 Oil Change Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Corporate Ground Lease with Take 5 Oil Change
- 2% Annual Rental Increases
- Located at High Traffic Intersection (56,300+ Cars/Day)
- 9 Years Remaining on Lease Term - Tenant Extended the Lease for an Additional 10 Years in 2019
- 61,862 Residents within a 5-Mile Radius - Growing Hammond Trade Area
- Situated in Dense Retail Corridor - Walmart, Winn-Dixie, Albertsons, Planet Fitness, Lowes, Hobby Lobby, Save-A-Lot, and More
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,165 SF
Building Class
C
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.15 AC
PROPERTY TAXES
| Parcel Number | 01919008 | Improvements Assessment | $23,069 |
| Land Assessment | $0 | Total Assessment | $23,069 |
