7444 Kennedy Ave

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. 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

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Storefront Restaurant
• Building Size    2,070
• Year Built    2004
• Price    675,000
• Price Per SF    326
• Cap Rate    5.87
• NOI    39,623
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    0.34 AC