Shopping Neighborhood
Single-Tenant Food 4 Less (Kroger) & Outlot
1718-1736 165th St, Hammond, IN 46320
Listing Price: $7,848,000
Investment Overview
Marcus & Millichap is pleased to exclusively present Hammond Mills Shopping Center, comprised of a single-tenant Food 4 Less (Kroger) and multi-tenant outlot building. A 5-year renewal was recently executed by Food 4 Less, extending their term through January 2029. This is a high-volume grocery store, based on visits and sales (contact agent for details).
The multi-tenant building comes with potential upside, with one vacant unit (2,200 SF) available for lease. In place tenants include ATI Physical Therapy and Destiny Dental, both operating for over 10 years at this location.
Subject property is shadow-anchored by Home Depot, with many other notable tenants in close proximity, including a diverse collection of REA tenants such as Fifth Third Bank, Citi Trends, NorthShore Health Center, Wendy’s, T-Mobile, Sally Beauty Supply, Fashion Depot, and more
This center is situated in a dense, infill area in Hammond, Indiana (Included in the Chicago MSA). 112,498 people live within three miles and 236,187 people live within five miles. Conveniently, this center is situated in a heavily traveled area and offers stoplight access.
Single-Tenant Food 4 Less (Kroger) & Outlot
Investment Highlights
- High Credit Grocery Anchor: Food 4 Less (Kroger) with Recent 5-Year Renewal Extending Term Through January 2029
- High Sales Volume Grocer (Contact Agent for Details | Low Occupancy Cost of 2.1%
- Multi-Tenant Outlot with Upside | 2,200-Square-Foot Vacant Unit Available for Lease | Increase Outlot Revenue 45% by Leasing One Vacant Unit
- WALT of 4.61 Years | Long Occupancy History Showing Strong Commitment to the Site
- Dense, Infill Area in the Chicago MSA | 112,498 People Live Within Three Miles and 236,187 People Live Within Five Miles
- Shadow-Anchored by Home Depot and NorthShore Health Center | Many Notable Retailers in Close Proximity to the Subject Property
- Adjacent to the $18 Million Hammond Sportsplex & Community Center Built in 2018 and a New and Expanded $70 Million YMCA with an Anticipated Opening in 2024
- Diverse Collection of REA Tenants Including Fifth Third Bank, Citi Trends, NorthShore Health Center, Wendy's, T-Mobile, Sally Beauty Supply, Fashion Depot, and More
Shopping Neighborhood
Single-Tenant Food 4 Less (Kroger) & Outlot
Listing Price: $7,848,000
Investment Highlights
- High Credit Grocery Anchor: Food 4 Less (Kroger) with Recent 5-Year Renewal Extending Term Through January 2029
- High Sales Volume Grocer (Contact Agent for Details | Low Occupancy Cost of 2.1%
- Multi-Tenant Outlot with Upside | 2,200-Square-Foot Vacant Unit Available for Lease | Increase Outlot Revenue 45% by Leasing One Vacant Unit
- WALT of 4.61 Years | Long Occupancy History Showing Strong Commitment to the Site
- Dense, Infill Area in the Chicago MSA | 112,498 People Live Within Three Miles and 236,187 People Live Within Five Miles
- Shadow-Anchored by Home Depot and NorthShore Health Center | Many Notable Retailers in Close Proximity to the Subject Property
- Adjacent to the $18 Million Hammond Sportsplex & Community Center Built in 2018 and a New and Expanded $70 Million YMCA with an Anticipated Opening in 2024
- Diverse Collection of REA Tenants Including Fifth Third Bank, Citi Trends, NorthShore Health Center, Wendy's, T-Mobile, Sally Beauty Supply, Fashion Depot, and More
Investment Overview
Marcus & Millichap is pleased to exclusively present Hammond Mills Shopping Center, comprised of a single-tenant Food 4 Less (Kroger) and multi-tenant outlot building. A 5-year renewal was recently executed by Food 4 Less, extending their term through January 2029. This is a high-volume grocery store, based on visits and sales (contact agent for details). The multi-tenant building comes with potential upside, with one vacant unit (2,200 SF) available for lease. In place tenants include ATI Physical Therapy and Destiny Dental, both operating for over 10 years at this location. Subject property is shadow-anchored by Home Depot, with many other notable tenants in close proximity, including a diverse collection of REA tenants such as Fifth Third Bank, Citi Trends, NorthShore Health Center, Wendy’s, T-Mobile, Sally Beauty Supply, Fashion Depot, and more This center is situated in a dense, infill area in Hammond, Indiana (Included in the Chicago MSA). 112,498 people live within three miles and 236,187 people live within five miles. Conveniently, this center is situated in a heavily traveled area and offers stoplight access.
