7444 Kennedy Ave
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7444 Kennedy Ave
2,070 SF 100% Leased Retail Building Hammond, IN 46323 $956,792 CAD ($462 CAD/SF) 5.87% Cap Rate
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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| 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
$956,792 CAD
Price Per SF
$462 CAD
Cap Rate
5.87%
NOI
$56,164 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Land Acres
0.30 AC
Parking
9 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
161 ft on Kennedy Avenue
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
- -
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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 | $129,840 CAD |
| Land Assessment | $155,638 CAD | Total Assessment | $285,478 CAD |
PROPERTY TAXES
Parcel Number
45-07-16-131-019.000-023
Land Assessment
$155,638 CAD
Improvements Assessment
$129,840 CAD
Total Assessment
$285,478 CAD
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Mark Keene - BS Realty Services Indiana, LLC
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7444 Kennedy Ave
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