2070 Indianapolis Blvd Whiting, IN 46394-1949
This exceptional investment opportunity presents a portfolio of three Little Caesars franchise locations situated in high-traffic areas across Lake County, Indiana. The portfolio includes properties in Whiting (2070 Indianapolis Blvd, 46394), Hammond (6233 Hohman Ave, 46324), and Merrillville (6841 Broadway, 46410). Each location benefits from an absolute NNN lease structure, eliminating landlord responsibilities. The current lease term has five years remaining, secured by Little Caesars corporate, with a guaranteed 2% annual rent increase. The portfolio boasts a combined square footage ranging from 1,000 to 7,000 square feet and currently enjoys 100% occupancy. With a strong net operating income (NOI) of $97,143 and a compelling 5.85% cap rate, this portfolio offers a stable and attractive return on investment. The properties are available for sale as a complete portfolio or individually, providing flexibility for potential buyers. Little Caesars, the third-largest pizza chain in the United States, operates over 5,463 locations globally, demonstrating the brand's strength and market presence. This is a rare opportunity to acquire a well-established, passively managed income stream with a nationally recognized brand. The long-term commitment from Little Caesars, exceeding 24 years at each location, ensures a secure and predictable cash flow for years to come.
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Little Caesars Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.