2070 Indianapolis BlvdWhiting, IN 46394

For Sale
$1,660,590
Three prime QSR locations, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a portfolio of three Little Caesars franchise locations situated in high-traffic areas across Lake County, Indiana. The portfolio includes properties in Whiting (2070 Indianapolis Blvd, 46394), Hammond (6233 Hohman Ave, 46324), and Merrillville (6841 Broadway, 46410). Each location benefits from an absolute NNN lease structure, eliminating landlord responsibilities. The current lease term has five years remaining, secured by Little Caesars corporate, with a guaranteed 2% annual rent increase. The portfolio boasts a combined square footage ranging from 1,000 to 7,000 square feet and currently enjoys 100% occupancy. With a strong net operating income (NOI) of $97,143 and a compelling 5.85% cap rate, this portfolio offers a stable and attractive return on investment. The properties are available for sale as a complete portfolio or individually, providing flexibility for potential buyers. Little Caesars, the third-largest pizza chain in the United States, operates over 5,463 locations globally, demonstrating the brand's strength and market presence. This is a rare opportunity to acquire a well-established, passively managed income stream with a nationally recognized brand. The long-term commitment from Little Caesars, exceeding 24 years at each location, ensures a secure and predictable cash flow for years to come.

Highlights

  • Three Little Caesars locations in Hammond, Merrillville, and Whiting, Indiana; portfolio or individual sale available.
  • Triple-Net (NNN) leases; zero landlord responsibilities.
  • Each location has over 24 years of operational history.
  • Five-year lease remaining with 2% annual rent increases guaranteed by Little Caesars corporate.
  • Little Caesars is the third-largest pizza chain in the US, operating over 5,463 locations.

Property Details for 2070 Indianapolis Blvd

Property type
Retail properties
Square Feet
1,000 SF

Location Insight

City
Whiting
County
Lake
State
Indiana
Latitude
41.6759432
Longitude
-87.49545158
2070 Indianapolis Blvd, Whiting, Indiana

FAQs

What type of property is this?
Retail property - Three prime QSR locations, strong NOI.
Where is the retail property located?
The property is located at 2070 Indianapolis Blvd Whiting, IN.
What is the asking price?
The asking price for this property is $1,660,590.
What are key features of this property?
This property features: Three Little Caesars locations in Hammond, Merrillville, and Whiting, Indiana; portfolio or individual sale available.; Triple-Net (NNN) leases; zero landlord responsibilities.; Each location has over 24 years of operational history.
How can I contact the broker?
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2070 Indianapolis Blvd
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