7917-7925 Indianapolis Blvd
Hammond, IN 46324
Gateway Promenade · Retail Property For Sale

Located in Hammond, Indiana at the full interchange of i-80/94 on Indianapolis Blvd [166,000 cars per day]., Gateway Promenade, has exceptional daily traffic counts of over 50,000 on Indianapolis Blvd. & 166,000 on I-80/94 freeway with five land entrance/exit off the I-80 free interchange providing high speed access to the property. Furthermore, the property has a dedicated turn lane, pylon sign, and signalized intersection providing excellent visibility and access along Indianapolis Blvd. We believe the subject property represents a significant investment opportunity for a number of compelling reasons, some of which are highlighted in more detail below: • Major Freeway Location: The property is located on a major arterial boulevard at the freeway; directly across the street is a brand new Super Wal-Mart and the new Cabela’s Super Store; both tenants generate significant traffic; [about 50,000 cars per day in front of the property and 166,000 cars per day at the freeway]. • Low Sales Tax: In addition, the property is located just inside the state border of Indiana and has much lower sales tax creating immediate savings for customers. • New Retail Development: In addition to the new super Wal-Mart across the street, about 100,000 SF of new retail development will also surround the new Wal-Mart shopping center to include a new hotel directly across the street. • Franciscan Alliance: Franciscan Alliance [Catholic Church sponsored hospital and health care network] purchased 12 acres plus a 100,000 SF office building behind our property for medical redevelopment. Leases are triple net. Except for the Bureau of Motor Vehicles, the tenant leases are triple net leases with tenants paying for taxes, insurance and operating expenses to include some management costs. • Tenant Health: Aldis, Planet Fitness and the Depart of Motor Vehicles, were in place before the super Wal-Mart was built. These tenants have below market rents on long term leases with lease extensions. They would be hard pressed to find another freeway location with low rents. • Dense Urban Population: 100k+ people less than 3-mi, $68K avg. HH income. • Superior Retail Corridor: New Super Wal-Mart development across the street and the new Cabela’s Super Store at the freeway. • High Traffic Location: 50k+ on Indianapolis Blvd • Economic Advantage: Lower Sales Tax: Because the property is located in Indiana near the state line of Illinois at the freeway, shoppers have an incentive to travel [just a short distance] across the state line to shop in Lake County, Indiana where the property is located. The sales taxes in Lake County, Indiana is 7.0% (7.0% Indiana state sales tax + 0% Lake County tax). Neighboring Cook County, Illinois has a sales tax up to 10.5% (9.5% Illinois state sales tax + 1.0% local tax) creating a 3.5% sales tax savings. • Proposed New Development: Approximately 100,000 SF of new mid-box retail space along plus a hotel is slated for near term development in the Wal-Mart Super Center lots.