Hammond, IN 46230

IHOP

Property Address

938 Indianapolis Boulevard, Hammond, IN, USA

Offering Summary

  • Price: $3,273,000
  • Lot Size: 1.15 Acres
  • Cap Rate: 5.50%
  • Year Built: 2016
  • Building SF: 5,000
  • Status: Available
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  • Absolute Triple-Net (NNN) Lease with 16.5 Years Remaining on Lease Term
  • Ten Percent Increases Every Five Years
  • 165,768 Residents in Hammond Trade Area – Chicago MSA
  • Guarantor is One of the Largest Franchisee and Developers of IHOP Restaurants in the U.S. – 110+ Locations
  • Outparcel to Walmart Supercenter
  • Adjacent to I-90 Freeway – Direct Access to Chicago
  • 1 Mile to Caesars Entertainment’s Horseshoe Hammond Casino
  • Visible to 28,300+ Cars per Day Along Indianapolis Boulevard
  • 15 Minutes from Chicago State University (3,100+ Enrolled)
  • Strong Daytime Population – 140,440 Employees in 5-Mile Radius

Broker Information