935 Richard RdDyer, IN 46311

Property Details for 935 Richard Rd

Year built

2021

Lot size

0.82 AC

Property type

Turn key restaurants

APN

45-11-18-103-008.000-034

APU

451118103008000034

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $16,874,230

  6.5%

  $15,576,213

  7%

  $14,463,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,724,047

  Geo Method

  $11,724,047

• Alternative Use

  Use

  Valuation

  Residential

  $13,139,119

  Hospitality

  $12,035,362

  Educational

  $10,013,280

  Medical

  $10,357,652

  Retail

  $15,576,213

Location Insight

City

Dyer

County

Lake

State

Indiana

Latitude

41.492

Longitude

-87.5058

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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