For Sale
Request a price6110 Broadway Merrillville, IN 46410
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Auction: October 14th-16th, starting bid $1,250,000. See auction link for details.
- 184,721 SF retail center anchored by Kroger (credit tenant), <1 hour from Chicago, 120,000 population within 5-mile radius.
- Weighted average lease term: 4.12 years; Anchor lease term (54% GLA): 5.33 years.
- National tenants: Kroger, Family Dollar, Subway, Papa Johns, Rent-A-Center. Strong leasing momentum. Modest rents offer upside potential.
- 10% cap rate; 15% cash-on-cash return projected with market financing; Priced below replacement cost at $38.11/SF.
- 20-acre site near I-65 (107,615 VPD) and I-80/I-94 (178,344 VPD) interchanges; high traffic location serving Chicagoland commuters; >123,000 population within 5-mile radius.
Property Details for 6110 Broadway
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 194,721 SF
- Class
- B
- Year Built/Renovated
- 1972/1994
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 897,772 SF
- Units
- 19
Location Insight
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Latitude
- 41.4701989
- Longitude
- -87.3214908
Nearby Similar for Sale
FAQs
- Where is the lifestyle center located?
- The property is located at 6110 Broadway Merrillville, IN.
- What are key features of this property?
- This property features: Auction: October 14th-16th, starting bid $1,250,000. See auction link for details.; 184,721 SF retail center anchored by Kroger (credit tenant), <1 hour from Chicago, 120,000 population within 5-mile radius.; Weighted average lease term: 4.12 years; Anchor lease term (54% GLA): 5.33 years.
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