7444 Kennedy Ave 52 Hammond, IN 46323-2649

This exceptional investment opportunity presents a two-unit commercial strip mall situated on a 0.34-acre lot at 7444 Kennedy Avenue in Hammond, Indiana. Boasting a prime location with high visibility from the 80/94 expressway, this property ensures excellent accessibility for customers and high traffic exposure. The building comprises two separate units, currently occupied by tenants under favorable lease agreements. The anchor tenant, a top-performing Domino's Pizza franchise, is secured with a triple-net (NNN) lease extending to 2025, with two additional five-year extension options. The second unit is occupied under a new NNN lease commencing January 1, 2024, with two three-year renewal options. This provides immediate and long-term rental income stability. Further enhancing the investment potential, the City of Hammond has approved plans for the addition of a third unit to the existing structure. This expansion opportunity is complemented by an adjacent vacant 0.34-acre lot (parcel # 45-07-16-179-016.000-023, located at 7504 Kennedy Ave), providing ample space for additional parking to accommodate the growth. A brand new roof was installed in Spring 2024, minimizing immediate maintenance concerns. The property is offered at $675,000, representing a compelling investment in a thriving commercial area. This is a rare opportunity to acquire a well-established, income-producing property with significant upside potential.