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Shopping Strip

Xfinity | Big Lots | Urban Air

3201 E Lincoln Hwy, Hobart, IN 46410

Listing Price: $7,486,000

Cap Rate
8.75%
Gross SF
82,897
Rentable SF
82,897
Price/Gross SF
$90.30
Lot Size
7.83 acres
Year Built
1989

Investment Overview

Discover a retail gem in Merrillville/Hobart, Indiana, boasting top-rated stores and a fully occupied three-tenant center, featuring well-known national tenants. Urban Air has recently signed a new lease and is set to open for business in August 2023, adding to the center's allure. With a decade remaining on the lease term, Big Lots has been a prominent fixture since 2009, ranked 11 out of 44 most visited Big Lots stores in Indiana, and has over five years left on its lease. Xfinity, the third most-visited store in Indiana among 18 stores, has been successfully operating here since 2014.

Strategically located at the epicenter of Merrillville's major retail corridor, this center serves as a strong economic driver for the area. It is just 0.6 miles away from Southlake Mall, a super-regional mall that attracted 6.02 million visits in the last 12 months, anchored by popular brands such as Kohl's, JCPenney, Macy's, H&M, and Forever 21. The area also boasts other major tenants like AMC Theatres, Cooper's Hawk Winery, Express, and Victoria's Secret. Moreover, within two miles, notable tenants like Sam's Club, Walmart, Target, Home Depot, Dick's Sporting Goods, Hobby Lobby, Best Buy, Ulta, DSW, T.J. Maxx, Harbor Freight Tools, PetSmart, Nothing Bundt Cakes, McDonald's, BJ's Brewhouse, and many others contribute to the area's vibrant retail landscape.

Convenience and accessibility are key strengths of this location, situated just 1.4 miles from the Interstate 65 interchange, with an impressive daily traffic count of 102,870 vehicles. Positioned on the signalized, hard-corner intersection of East Lincoln Highway and Colorado Street, the center offers easy ingress and egress from both streets. With 645 feet of unobstructed frontage along Lincoln Highway, it captures the attention of approximately 36,228 vehicles each day.

Beyond its retail appeal, this location offers a variety of popular attractions within close proximity. It is only 12.5 miles away from the illustrious Hard Rock Casino Northern Indiana, a $300 million establishment boasting 200 hotel rooms and attracting 2.2 million annual visitors. Additionally, the stunning Indiana Dunes National Park, with 3.18 million annual visitors, is just 15 miles away. The Gary/Chicago International Airport (GYY), situated 16 miles away, serves as a full-service airport for corporate, commercial, and cargo users, with an impressive 52 flights per day.

The center's success is further supported by its location in a highly populated area with a substantial workforce. Approximately 83,089 people reside within five miles, while 31,007 people work within three miles, ensuring a steady flow of potential customers for the thriving retail establishments.

Investment Highlights

  • 100% Occupied Three-Tenant Center with All National Tenants
  • Urban Air Recently Signed a New 10 Year Lease | Expected to Open for Business in August 2023
  • Big Lots has been Located in this Center Since 2009 | Ranked 11 Out of 44 Most Visited Big Lots in Indiana
  • Xfinity has been at this Location Since 2014 | Third Top Visited Store in Indiana Out of 18
  • Located in the Epicenter of the Major Retail Corridor of Merrillville | Strong Economic Driver for the Area

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Shopping Strip

Xfinity | Big Lots | Urban Air

Listing Price: $7,486,000

Cap Rate
8.75%
Gross SF
82,897
Rentable SF
82,897
Price/Gross SF
$90.30
Lot Size
7.83 acres
Year Built
1989

Investment Highlights

  • 100% Occupied Three-Tenant Center with All National Tenants
  • Urban Air Recently Signed a New 10 Year Lease | Expected to Open for Business in August 2023
  • Big Lots has been Located in this Center Since 2009 | Ranked 11 Out of 44 Most Visited Big Lots in Indiana
  • Xfinity has been at this Location Since 2014 | Third Top Visited Store in Indiana Out of 18
  • Located in the Epicenter of the Major Retail Corridor of Merrillville | Strong Economic Driver for the Area

Investment Overview

Discover a retail gem in Merrillville/Hobart, Indiana, boasting top-rated stores and a fully occupied three-tenant center, featuring well-known national tenants. Urban Air has recently signed a new lease and is set to open for business in August 2023, adding to the center's allure. With a decade remaining on the lease term, Big Lots has been a prominent fixture since 2009, ranked 11 out of 44 most visited Big Lots stores in Indiana, and has over five years left on its lease. Xfinity, the third most-visited store in Indiana among 18 stores, has been successfully operating here since 2014. Strategically located at the epicenter of Merrillville's major retail corridor, this center serves as a strong economic driver for the area. It is just 0.6 miles away from Southlake Mall, a super-regional mall that attracted 6.02 million visits in the last 12 months, anchored by popular brands such as Kohl's, JCPenney, Macy's, H&M, and Forever 21. The area also boasts other major tenants like AMC Theatres, Cooper's Hawk Winery, Express, and Victoria's Secret. Moreover, within two miles, notable tenants like Sam's Club, Walmart, Target, Home Depot, Dick's Sporting Goods, Hobby Lobby, Best Buy, Ulta, DSW, T.J. Maxx, Harbor Freight Tools, PetSmart, Nothing Bundt Cakes, McDonald's, BJ's Brewhouse, and many others contribute to the area's vibrant retail landscape. Convenience and accessibility are key strengths of this location, situated just 1.4 miles from the Interstate 65 interchange, with an impressive daily traffic count of 102,870 vehicles. Positioned on the signalized, hard-corner intersection of East Lincoln Highway and Colorado Street, the center offers easy ingress and egress from both streets. With 645 feet of unobstructed frontage along Lincoln Highway, it captures the attention of approximately 36,228 vehicles each day. Beyond its retail appeal, this location offers a variety of popular attractions within close proximity. It is only 12.5 miles away from the illustrious Hard Rock Casino Northern Indiana, a $300 million establishment boasting 200 hotel rooms and attracting 2.2 million annual visitors. Additionally, the stunning Indiana Dunes National Park, with 3.18 million annual visitors, is just 15 miles away. The Gary/Chicago International Airport (GYY), situated 16 miles away, serves as a full-service airport for corporate, commercial, and cargo users, with an impressive 52 flights per day. The center's success is further supported by its location in a highly populated area with a substantial workforce. Approximately 83,089 people reside within five miles, while 31,007 people work within three miles, ensuring a steady flow of potential customers for the thriving retail establishments.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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