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Shopping Strip

Grocery Shadow Anchored | Little Caesars | H&R Block | Rent-A-Center

4739 Indianapolis Blvd, East Chicago, IN 46312

Listing Price: $1,600,000

Cap Rate
7.17%
Gross SF
6,543
Rentable SF
6,543
Price/Gross SF
$244.54
Lot Size
0.16 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present Grocery Shadow Anchored Center in East Chicago, Indiana with Little Caesars, H&R Block and Rent-A-Center. This three-tenant center is adjacent to Strack & Van Til Grocery. Strack & Van Til is one of northwest Indiana’s most prominent grocers with over 108,000 visits monthly. 100 percent occupied by national tenants including Little Caesars, H&R Block and Rent-A-Center. All three tenants are corporate which offers investor additional security. All tenants operating under net leases. Rent-a-Center has five years remaining of lease term and one option remaining with eight percent rental increases. Little Caesars pizza has two options remaining with 10 percent rental increases. H&R Block has one option remaining with six percent rental increases. Attractive real estate fundamentals with high visibility along 148th Street and Indianapolis Boulevard. There are six points of ingress/egress on both 148th Street and Indianapolis Boulevard. Notable major retailers in the area include Dollar Tree, Dollar General, Advance Auto Parts, McDonalds, Burger King, PNC Bank and others. The center is situated on the signalized, hard corner intersection of Indianapolis Boulevard and 148th Street with over 20,000 vehicles passing per day. Included in the Chicago metropolitan statistical area with low tax rate compared to neighboring states. Heavily populated area with over 78,000 people living within three miles of subject property. Ideally 10 minutes to Gary/Chicago international airport which averages 20,000 flights annually.

Investment Highlights

  • Three-Tenant Center Adjacent to Strack & Van Til Grocery
  • 100 Percent Occupied by National Tenants | All Tenants Operating Under Net Leases
  • Attractive Real Estate Fundamentals | Included in the Chicago Metropolitan Statical Area
  • Situated on the Signalized, Hard Corner Intersection of Indianapolis Boulevard and 148th Street
  • Heavily Populated Area with Over 78,000 People Living within Three Miles of Subject Property

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Shopping Strip

Grocery Shadow Anchored | Little Caesars | H&R Block | Rent-A-Center

Listing Price: $1,600,000

Cap Rate
7.17%
Gross SF
6,543
Rentable SF
6,543
Price/Gross SF
$244.54
Lot Size
0.16 acres
Year Built
2007

Investment Highlights

  • Three-Tenant Center Adjacent to Strack & Van Til Grocery
  • 100 Percent Occupied by National Tenants | All Tenants Operating Under Net Leases
  • Attractive Real Estate Fundamentals | Included in the Chicago Metropolitan Statical Area
  • Situated on the Signalized, Hard Corner Intersection of Indianapolis Boulevard and 148th Street
  • Heavily Populated Area with Over 78,000 People Living within Three Miles of Subject Property

Investment Overview

Marcus & Millichap is pleased to present Grocery Shadow Anchored Center in East Chicago, Indiana with Little Caesars, H&R Block and Rent-A-Center. This three-tenant center is adjacent to Strack & Van Til Grocery. Strack & Van Til is one of northwest Indiana’s most prominent grocers with over 108,000 visits monthly. 100 percent occupied by national tenants including Little Caesars, H&R Block and Rent-A-Center. All three tenants are corporate which offers investor additional security. All tenants operating under net leases. Rent-a-Center has five years remaining of lease term and one option remaining with eight percent rental increases. Little Caesars pizza has two options remaining with 10 percent rental increases. H&R Block has one option remaining with six percent rental increases. Attractive real estate fundamentals with high visibility along 148th Street and Indianapolis Boulevard. There are six points of ingress/egress on both 148th Street and Indianapolis Boulevard. Notable major retailers in the area include Dollar Tree, Dollar General, Advance Auto Parts, McDonalds, Burger King, PNC Bank and others. The center is situated on the signalized, hard corner intersection of Indianapolis Boulevard and 148th Street with over 20,000 vehicles passing per day. Included in the Chicago metropolitan statistical area with low tax rate compared to neighboring states. Heavily populated area with over 78,000 people living within three miles of subject property. Ideally 10 minutes to Gary/Chicago international airport which averages 20,000 flights annually.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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