200 Hewitt Rd, Hammond, LA 70403

Property Details for 200 Hewitt Rd

Year built

2010

Lot size

1.20 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 11,907 square-foot shopping center in Hammond, Louisiana, presents a compelling investment opportunity. Located at 200 Hewitt Road, this property boasts a prime corner location with high visibility, accessible from both Hewitt Road and Railroad Avenue. The single-story, 2010-built structure sits on a 1.2-acre lot and features three established tenants: Safari Quest, Isabella’s Pizza, and Tru Café, ensuring a stable income stream. The center offers ample parking with 53 spaces and includes one existing drive-thru lane with the potential to add a second, enhancing its appeal to a wide range of businesses. Currently configured as three large suites (7,000 sq ft, 2,500 sq ft, and 2,500 sq ft), the layout is adaptable and can be reconfigured to accommodate up to seven smaller suites, providing flexibility for future tenant diversification. The property is equipped with robust utilities, including two 400-amp meters, one 200-amp meter, one 100-amp meter, and on-site gas, catering to various retail needs. The property's strong occupancy rate of 100% and a 7.78% cap rate make it an attractive investment with significant potential for growth and return. The modified lease structure provides further flexibility for long-term income generation. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving Louisiana market.

Location Insight

City

Hammond

County

Tangipahoa Parish

State

Louisiana

Longitude

-90.4579

Latitude

30.4901