954 Indianapolis BlvdHammond, IN 46320

Property Details for 954 Indianapolis Blvd

Year built

2020

Lot size

0.97 AC

Property type

Turn key restaurants

APN

45-02-01-127-005.000-023

APU

450201127005000023

Description

This exceptional investment opportunity presents a fee-simple interest in a 3,367 square foot Dairy Queen, built in 2020, located at 954 Indianapolis Blvd, Hammond, IN 46320. The property boasts a strong absolute NNN lease with over 19 years remaining, featuring 5% rent bumps every three years, providing inflation protection and significant NOI growth. The lease includes a personal guarantee from the franchisee, eliminating landlord responsibilities. This management-free investment offers a 7.20% cap rate and a substantial NOI of $194,444 on an asking price of $2,700,000 ($801.90/sq ft). Situated on a 0.97-acre lot, the property benefits from its prime location in a high-traffic retail corridor near the Illinois border. The site is an outlot to a top-performing Walmart Supercenter, complemented by other national retailers such as Starbucks, Five Below, Ross, Taco Bell, and Midwest Express Clinic. Its proximity to the Horseshoe Casino and Downtown Chicago (15 miles) further enhances its appeal. The single-story building is part of a thriving retail area, demonstrating long-term stability and potential for appreciation. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant upside potential. The property's APN is 45-02-01-127-005.000-023.

• CAP approach

  CAP return

  Valuation

  6%

  $19,960,998

  6.5%

  $18,425,536

  7%

  $17,109,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,868,702

  Geo Method

  $13,868,702

• Alternative Use

  Use

  Valuation

  Residential

  $15,542,629

  Hospitality

  $14,236,965

  Educational

  $11,844,988

  Medical

  $12,252,355

  Retail

  $18,425,536

Location Insight

City

Hammond

County

Lake

State

Indiana

Latitude

41.6954

Longitude

-87.5174

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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