Town & Country

2302 W Thomas St, Hammond, LA 70401

ALDI recently announced their acquisition of Southeast Grocers, the parent company of Winn-Dixie
Winn-Dixie recently renewed lease through February 2032
Winn-Dixie boasts ‘22 sales of $18.74mm currently at $347psf
Winn-Dixie Health Ratio of 1.25%
Retailers include Winn-Dixie, Ross, PetCo, Starbucks, Advance Auto Parts, CVS, Office Depot, Sherwin Williams
Ross renewed for five years in 2022
CVS recently committed to a 10 year renewal commencing 1/1/24
Located along one of the trade area’s most heavily traveled intersections with traffic counts of over 28,426 Vehicles Per Day
Recent Capital Improvements to the roof, parking lot, and parking lot lights
Largest tenant, Winn-Dixie, has been in the center for 30 Years
Outparcels present opportunity for investor to create value by disposing of separate from the center
$86 psf asking price positions the deal in the market well below replacement costs
Asset is centrally located in the heart of the Hammond market
Dense retail corridor with Walmart, Albertsons, Hobby Lobby, and Lowes located in the submarket
The overall market has a low probability of new retail development
Great visibility and access from Ronald Reagan Hwy with traffic counts at 28,426 per day
The “U” shape configuration of the center creates an easy flow of traffic throughout the property
Consistent population growth in the market of 1% over the next five years

David Rivers