6491 Broadway, Merrillville, IN 46410
13,278 SF | Retail Building | Merrillville, IN 46410 | $2,600,000 ($196/SF) | 7.06% Cap Rate
For Sale
Active
Asking Price $2,600,000
- Property Type
-
Retail
- Square Feet
- 13,278 SF
- Price / Square Foot
- $196
Listing Contacts
Haneen Kamleh
Property Overview
The primary term of the lease began in August 2022 and spans seven lease years. Additionally, there are three extended terms available, each lasting five lease years.2% yearly rent increase. The property benefits from a corporate lease, situated in a strong location, and underwent a significant remodel in 2022. It operates under a Triple Net (NNN) lease with a corporate guaranty, ensuring financial stability. Recent upgrades include a new roof, complete with a warranty, and freshly laid pavement.
Property Details
- Class
- C
- Year Built
- 1987
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 160,736 SF
Highlights
- Freshly paved parking area, offering smooth, hassle-free parking for you and your customers.
- This property boasts a prime location near popular retail businesses such as Subway, Walgreen's, and Dairy Queen.
- This property is fully leased, providing a stable and reliable income stream. It comes with extension options backed by a corporate guarantee.
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