1113 E Thomas St, Hammond, LA 70401

Located at a prime intersection of E. Thomas & Range Rd. DOTD reported traffic count is 19K per day. Waffle House opened across the street. Bldg. has a new roof, elec. improvements, new paint & 2 new tenants. Opening June 2010 are Ruffino Motors & Greater Nations Church. An add'l 1750 ft of office space is avail & will rent for $18,000 per yr. Ann. rent is projected to be $24K. Once rented, annual rent from triple net (NNN)leases will be $42K With the tenantsresponsible for all maintenance, taxes, insurance and property tax, the owner receives an annual return of 9% cash on cash. The Building sits on .78 acres (33,977sf). The Waffle House bought similar sized property and paid $10/ft in 2009. Based on this comparable, the land alone is worth ~$340,000. Plus you have very good value increase potential for this area over the next few years. This is the Real Thing.Dont Miss It!