6933 Indianapolis Blvd Hammond, IN 46324-2205
- Outlet malls
- 10,080 SF
- 0.76 lot acres
Current Use by Public Records
- Family Dollar / School Supply Store / Tobacco Shop
Property Details for 6933 Indianapolis Blvd
- Year built
- 1954
- Construction
- WOOD
- Lot size
- 0.76 lot acres
- Property size
- 10,080 SF
- Property type
- Outlet malls
- APN
- 45-07-08-401-003.000-023
- APU
- 450708401003000023
Description
This exceptional investment opportunity presents a fee-simple interest in a 10,080-square-foot Family Dollar storefront located at 6933 Indianapolis Blvd, Hammond, IN 46324. Built in 2011, this single-story building sits on a 0.758-acre lot and boasts a strong 8.75% cap rate, generating a net operating income (NOI) of $131,850. The property benefits from a corporate-guaranteed net lease with a highly creditworthy tenant, ensuring consistent cash flow. The current lease, with a remaining term of 3.2 years, includes five 5-year renewal options at a 10% rent increase per option, providing long-term stability and appreciation potential. The property enjoys excellent visibility and access at a signalized intersection within a dense retail corridor, further enhanced by its proximity to Purdue University Northwest Campus and a strong demographic profile. This 100% occupied asset offers a compelling combination of secure income, significant lease term, and substantial growth opportunities. The asking price is $1,506,857, translating to $149.49 per square foot. This is a rare chance to acquire a well-positioned, high-performing retail investment in a thriving Indiana market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Lake
- State
- Indiana
- Longitude
- -87.4805
- Latitude
- 41.5872
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
