Log In/Sign Up
6823-6837 Grand Ave
Hammond, IN 46323
Fully Occupied Strip Center in NW Indiana · Retail Property For Sale
Investment Highlights
- 100% occupied retail center offered at a 9% CAP | +11% Cash on Cash return at the asking price, utilizing currently available financing
- The majority of leases feature above average annual rent increases
- Dense demographics with almost 200,000 people living within 5 miles of the property
- Rents are well below market | Grand Foods just extended their lease for 5 years at a significantly higher rent
- All tenants operate on uniquely strong NNN leases, reimbursing for RE Taxes, CAM, Insurance, Management and additional Administrative Fees
- Highly leasable space with mostly small footprints and shallow depth bay suites
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
11,850 SF
Building Class
C
Year Built
1968
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.84 AC
Zoning
C-2
Parking
37 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
170’ on Grand Ave
Property Taxes
| Parcel Number | 45-07-10-253-004.000-023 | Improvements Assessment | $356,000 |
| Land Assessment | $80,400 | Total Assessment | $436,400 |
Property Taxes
Parcel Number
45-07-10-253-004.000-023
Land Assessment
$80,400
Improvements Assessment
$356,000
Total Assessment
$436,400
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
