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Restaurant

Chick-fil-A

425 Indianapolis Blvd, Schererville, IN 46375

Listing Price: $3,430,000

Cap Rate
3.60%
Tenant Name
Chick-fil-A
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
4,850
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.46

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 425 Indianapolis Boulevard (The Property), a 4,850-square-foot brand new construction building in which Chick-fil-A has just executed a long-term absolute net ground lease, with a drive-thru. The Property is strategically located on the main retail corridor in the affluent northwestern Indiana township of Schererville. The large 1.35-acre lot is located at the northeastern intersection of Indianapolis Boulevard (Route 41) and Oak Street which is being paved for customer ease of access. Adjacent retail tenants on the 41,700 vehicle per day Indianapolis Boulevard include: Whole Foods within the Shops on Main Center, DSW, Nordstrom Rack, Lowes, CVS, Target, and many others. This offering presents the opportunity to acquire a new construction absolute net ground lease with a best-in-class essential retail tenant in one of the primary retail corridors of northwest Indiana. The Property boasts zero landlord responsibility and is only 30 miles southeast of downtown Chicago.

Investment Highlights

  • Brand New Construction Chick-fil-A with Drive-Thru – 1.35 Acre Lot
  • 20 Years of Firm Term with 10% Increases Every 5 Years
  • Prominent Retail Corridor of Northwest Indiana – National Tenants including Whole Foods, Lowes, Target, Nordstrom Rack, DSW, Dick's Sporting Goods, and Burlington among others
  • Superior Visibility & Income Demographics – 41,700+ VPD Schererville artery with $100,000+ AHHI in a 3-Mile Radius

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $3,430,000

Cap Rate
3.60%
Tenant Name
Chick-fil-A
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
4,850
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.46

Investment Highlights

  • Brand New Construction Chick-fil-A with Drive-Thru – 1.35 Acre Lot
  • 20 Years of Firm Term with 10% Increases Every 5 Years
  • Prominent Retail Corridor of Northwest Indiana – National Tenants including Whole Foods, Lowes, Target, Nordstrom Rack, DSW, Dick's Sporting Goods, and Burlington among others
  • Superior Visibility & Income Demographics – 41,700+ VPD Schererville artery with $100,000+ AHHI in a 3-Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 425 Indianapolis Boulevard (The Property), a 4,850-square-foot brand new construction building in which Chick-fil-A has just executed a long-term absolute net ground lease, with a drive-thru. The Property is strategically located on the main retail corridor in the affluent northwestern Indiana township of Schererville. The large 1.35-acre lot is located at the northeastern intersection of Indianapolis Boulevard (Route 41) and Oak Street which is being paved for customer ease of access. Adjacent retail tenants on the 41,700 vehicle per day Indianapolis Boulevard include: Whole Foods within the Shops on Main Center, DSW, Nordstrom Rack, Lowes, CVS, Target, and many others. This offering presents the opportunity to acquire a new construction absolute net ground lease with a best-in-class essential retail tenant in one of the primary retail corridors of northwest Indiana. The Property boasts zero landlord responsibility and is only 30 miles southeast of downtown Chicago.

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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