5301 Broadway | Merrillville, IN 46410
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- LoopNet Team
5301 Broadway
Merrillville, IN 46410
CVS Merrillville, IN $3.6M NNN Rent Increases · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Income guaranteed by CVS Corporate investment grade credit rating of BBB (S&P), Top 10 Fortune 500 Company with over 9,800 locations.
- 5% RENTAL INCREASES IN THE OPTIONS - The lease allows for 5% rental increases in each of the 5-year options.
- CLOSE TO INDIANA UNIV NORTHWEST - Indiana Univ Northwest, 2 mi north of the subject, with 7,500+ students and over 650 faculty members and staff.
- ABSOLUTE NET - CVS has agreed to a new 15 yr lease showing commitment to this location. This is an absolute NNN with no landlord responsibilities what
- CHICAGO MSA LOCATION - Subject property is located ±38 miles southeast of downtown Chicago, Illinois and part of the Chicago MSA with 9.5M residents.
- NEAR ST. MARY MEDICAL CTR - St. Mary Medical Ctr a 200-bed hospital specializing in cancer care is ±5 mi southwest of the subject.
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,336 SF
Building Class
C
Year Built/Renovated
1999/2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.54 AC
Zoning
C
Parking
54 Spaces (5.22 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 45-12-03-101-001.000-031 | Improvements Assessment | $1,207,800 |
| Land Assessment | $438,100 | Total Assessment | $1,645,900 |
Property Taxes
Parcel Number
45-12-03-101-001.000-031
Land Assessment
$438,100
Improvements Assessment
$1,207,800
Total Assessment
$1,645,900
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