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6823-6837 Grand Ave
Hammond, IN 46323

$1,600,000 USD

Storefront For Sale  •  11,850 SF

Property Details

  • Property Type Storefront
  • Total Building Size 11,850 SF
  • Lot Size 0.84 AC
  • Building Class C
  • Year Built 1968
  • Tenancy Multiple
  • Zoning C-2
0 Transit Score
69 Walk Score

Highlights

100% occupied retail center offered at a 9% CAP | +11% Cash on Cash return at the asking price, utilizing currently available financing
Rents are well below market | Grand Foods just extended their lease for 5 years at a significantly higher rent
The majority of leases feature above average annual rent increases
All tenants operate on uniquely strong NNN leases, reimbursing for RE Taxes, CAM, Insurance, Management and additional Administrative Fees
Dense demographics with almost 200,000 people living within 5 miles of the property
Highly leasable space with mostly small footprints and shallow depth bay suites

Public Transportation

Commuter RailDriveWalkDistance
Clark Road (Gary) Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 8 min - 4.1 mi
Hammond Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 14 min - 6.6 mi
AirportDriveWalkDistance
Chicago Midway International 46 min - 30.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 37
Type: Surface
Included in Rent: Yes
Mitchell Kiven 312-624-7006 Marcus & Millichap
Mitchell Kiven 312-624-7006 Marcus & Millichap