1105-1113 5th Ave | Hammond, IN 46320
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- LoopNet Team
1105-1113 5th Ave
Hammond, IN 46320
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Over 5 years of Weighted Average Lease Term (WALT)
- 64% of the GLA is backed by Investment Grade Credit | Ross has an S&P Credit Rating of BBB+, while Dollar Tree has an S&P Credit Rating of BBB
- Surrounded by strong traffic drivers | Shadow-anchored by a high-performing Walmart | 1 Mile from Caesar’s Horseshoe Hammond Casino
- 2016 Construction priced at $147 per square foot | Priced at or below replacement cost
- Double digit returns achievable even with low leverage points | 11.68% cash on cash return at list price
- Placer data demonstrates that this Ross location is the 3rd most visited Ross store in the state of Indiana
PROPERTY FACTS
Property Type
Retail
Property Subtype
Department Store
Building Size
55,010 SF
Building Class
B
Year Built
2016
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.30 AC
Parking
228 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
341’ on 5th Avenue
PROPERTY TAXES
| Parcel Number | 45-02-01-251-004.000-023 | Improvements Assessment | $7,087,500 |
| Land Assessment | $1,007,600 | Total Assessment | $8,095,100 |
PROPERTY TAXES
Parcel Number
45-02-01-251-004.000-023
Land Assessment
$1,007,600
Improvements Assessment
$7,087,500
Total Assessment
$8,095,100
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