NNN Retail Investment
For Sale
Contact for pricing
141 W Lincoln Highway, Schererville, IN 46375
For sale NNN retail property with reported 7.14% CAP and 9,410 square feet at 141 W. Lincoln Highway.
Property Size9,410 SF
Price / SF$487.25
Days on Market51
Property Features for 141 W Lincoln Highway
General Information
Standard status
Active
Size
9,410 SF
Total Parking Spaces
37
Property subtype
Retail
Zoning
P.O. Professional Office
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$343,894
Additional Details
Cap Rate
7.14%
Building Details
Year Built
1989
Stories
2
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(949) 585-7610
Listed By:
Alexander Moore · License #CA 02111286
Source:
Crexi
Added: Jun 22
Changed: Aug 7
Last Checked: Aug 10 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This NNN retail property is being offered for sale with a reported 7.14% CAP. The offering includes 9,410 square feet of retail space, positioned as an income-oriented commercial asset under an NNN structure, based on the property’s classification in the listing data.
The property is located at 141 W. Lincoln Highway in Schererville, Indiana. No additional details are provided regarding frontage, access, tenant mix, or on-site amenities, so prospective buyers and advisors should confirm those items during due diligence.
As an NNN retail investment, the asset may be a fit for buyers seeking a retail commercial purchase structured for expense responsibility typical of NNN arrangements. The listing data supports evaluating the property through its stated CAP figure and the total enclosed retail area, along with reviewing the underlying lease terms, operating expense responsibilities, and any NNN documentation that applies to this specific offering. Buyers should also verify all figures and lease-related items directly with the seller and transaction team prior to closing.
The property is located at 141 W. Lincoln Highway in Schererville, Indiana. No additional details are provided regarding frontage, access, tenant mix, or on-site amenities, so prospective buyers and advisors should confirm those items during due diligence.
As an NNN retail investment, the asset may be a fit for buyers seeking a retail commercial purchase structured for expense responsibility typical of NNN arrangements. The listing data supports evaluating the property through its stated CAP figure and the total enclosed retail area, along with reviewing the underlying lease terms, operating expense responsibilities, and any NNN documentation that applies to this specific offering. Buyers should also verify all figures and lease-related items directly with the seller and transaction team prior to closing.
Key Highlights
- NNN retail property for sale at 141 W. Lincoln Highway
- Reported 7.14% CAP
- 9,410 sq ft retail building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$183,883
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,677,660
$3.7M
Cap Rate 7%
$2,626,900
$2.6M
Cap Rate 9%
$2,043,144
$2.0M
Market Conditions
NOI Build-Up for 9,410 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$254.1K $27.00/SF
− Vacancy
−$8.9K −$0.95/SF
EGI
$245.2K $26.06/SF
− OpEx
−$61.3K −$6.51/SF
NOI
$183.9K $19.54/SF
Area
Lake County, IN
Vacancy
3.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,677,660
Cap Rate 7%
$2,626,900
Cap Rate 9%
$2,043,144
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.06M
NOI $183,883 @ 7.0% cap · market cap 4.01%
Second Best
Retail
$1.30M
$1.13M – $1.51M
NOI $90,679 @ 7.0% cap · market cap 1.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
Centier Bank
Shops & Services
2,451 visits/mo
0.4 miles
SUBWAY
Dining
2,066 visits/mo
0.2 miles
U-Haul
Shops & Services
832 visits/mo
0.5 miles
Demographics for 46375, IN
24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,879
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - For sale NNN retail property with reported 7.14% CAP and 9,410 square feet at 141 W. Lincoln Highway.
Where is this bank located?
The property is located at 141 W Lincoln Highway Schererville, IN.
What is the asking price?
The asking price for this property is $4,585,000.
What are key features of this property?
This property features: NNN retail property for sale at 141 W. Lincoln Highway; Reported 7.14% CAP; 9,410 sq ft retail building
