938 Indianapolis Blvd | Hammond, IN 46320
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- LoopNet Team
938 Indianapolis Blvd
Hammond, IN 46320
IHOP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Lease with 16.5 Years Remaining on Lease Term
- 165,768 Residents in Hammond Trade Area – Chicago MSA
- Outparcel to Walmart Supercenter
- Ten Percent Increases Every Five Years
- Guarantor is One of the Largest Franchisee and Developers of IHOP Restaurants in the U.S. – 110+ Locations
- Adjacent to I-90 Freeway – Direct Access to Chicago
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
A
Year Built
2016
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.15 AC
ABOUT 938 INDIANAPOLIS BLVD , HAMMOND, IN 46320
Nicknamed “The Windy City,” the city of Chicago is located in the northeast portion of the state of Illinois, along the shorelines of Lake Michigan. Chicago is the nation’s third largest city, trailing only New York and Los Angeles, with a population exceeding 2.7 million in 2017. The city is one of the world’s great economic centers, with a diverse employment base, robust transportation network, and renowned tourist attractions that enhance Chicago’s reputation on the global stage.
PROPERTY TAXES
| Parcel Number | 45-02-01-127-004.000-023 | Improvements Assessment | $1,669,900 |
| Land Assessment | $1,020,200 | Total Assessment | $2,690,100 |
PROPERTY TAXES
Parcel Number
45-02-01-127-004.000-023
Land Assessment
$1,020,200
Improvements Assessment
$1,669,900
Total Assessment
$2,690,100
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