Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a newly constructed 10,122-square-foot retail property in Hammond, IN, (the Property), in which Five Below has over 10 years remaining on their recently executed double-net lease. Construction of the Property will be completed in 2024. The Property is located on a 1.13-acre padsite to a Walmart Supercenter and Ross-anchored retail center on Indianapolis Boulevard. The Hammond-Whiting Amtrak station is located roughly one mile southeast and is served by the Wolverine train service that runs between Chicago, IL, and Pontiac, MI. The retail center is uniquely positioned between the Illinois-Indiana border and Lake Michigan, and it also sits just north of Wolf Lake and Lake George. Other nearby attractions include the 240-acre Eggers Grove nature preserve, the Horseshoe Hammond Casino and numerous lakefront beaches. Other tenants in the retail center include Starbucks, Dollar Tree, IHOP, Midwest Express Clinic, Dairy Queen, Taco Bell, BP and numerous others.