935 Richard RdDyer, IN 46311

For Sale
$1,760,000
High-Yield NNN Lease, Indiana

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a brand-new, 510-square-foot 7-Brew Coffee location in Dyer, Indiana, boasting a 15.4-year absolute NNN ground lease with a 6.25% cap rate and $110,000 annual NOI. The property, built in 2025, features a dual drive-thru and is situated on a 0.75-acre lot. The lease includes a favorable 10% rent increase every five years, ensuring strong future returns. Strategically located along a major retail corridor with over 35,000 vehicles passing daily, this property benefits from high visibility and easy access. The surrounding area is densely populated and affluent, with an average household income exceeding $111,000 within a one-mile radius and over 131,000 residents within five miles. Its proximity to Dyer Town Center, a Jewel-Osco anchored retail center, and numerous national retailers like Walmart, ALDI, Walgreens, and Menards, further enhances its appeal. The location's adjacency to Franciscan Health Dyer hospital and the new West Lake Corridor Rail Line Dyer/Munster station adds to its strategic advantage. Major highways, including U.S. Route 30 and I-394, provide convenient access to Chicago and surrounding areas. This is a rare opportunity to acquire a high-performing, established brand in a prime location with significant long-term growth potential. The asking price is $1,760,000.

Highlights

  • 15-year absolute NNN ground lease with 10% rent increases every five years; favorable low rent; brand-new construction with dual drive-thru.
  • High-visibility location on a major retail corridor along US Route 30, exceeding 35,000 vehicles daily.
  • Affluent area with over $111,000 average household income within one mile and 131,000 residents within five miles.
  • Located across from a Jewel-Osco anchored retail center and near Walmart, ALDI, Walgreens, and Menards.
  • Proximity to Franciscan Health Dyer hospital.
  • Strong residential market with diverse housing options.

Property Details for 935 Richard Rd

Property type
Retail properties, Restaurants
Square Feet
510 SF
Class
A
Year Built
2025
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Dyer
County
Lake
State
Indiana
Latitude
41.4921306
Longitude
-87.5058242
935 Richard Rd, Dyer, Indiana

FAQs

What type of property is this?
Retail property - High-Yield NNN Lease, Indiana
Where is the retail property located?
The property is located at 935 Richard Rd Dyer, IN.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: 15-year absolute NNN ground lease with 10% rent increases every five years; favorable low rent; brand-new construction with dual drive-thru.; High-visibility location on a major retail corridor along US Route 30, exceeding 35,000 vehicles daily.; Affluent area with over $111,000 average household income within one mile and 131,000 residents within five miles.
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935 Richard Rd
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