2070 Indianapolis BlvdWhiting, IN 46394

Property Details for 2070 Indianapolis Blvd

Year built

1982

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

1,298 SF

Property type

Retail space

APN

45-03-07-255-029.000-025

APU

450307255029000025

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $613,196

  6.5%

  $566,027

  7%

  $525,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,043

  Geo Method

  $426,043

• Alternative Use

  Use

  Valuation

  Residential

  $477,465

  Hospitality

  $437,355

  Educational

  $363,875

  Medical

  $376,389

  Retail

  $566,027

Location Insight

City

Whiting

County

Lake

State

Indiana

Latitude

41.6759

Longitude

-87.4958

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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