Schererville, IN 46375

IHOP

Property Address

1850 U.S. 41, Schererville, IN, USA

Offering Summary

  • Price: $3,048,000
  • Lot Size: 1.27 Acres
  • Cap Rate: 5.35%
  • Year Built: 2019
  • Building SF: 4,540
  • Status: In Escrow
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease - 2019 Build
  • 10% Rental Increases Every 5 Years
  • Guarantor is One of the Largest Franchisee and Developers of IHOP Restaurants in the U.S. - 107+ Locations
  • 136,455 Residents within a 5-Mile Radius - Chicago MSA
  • Households Projected to Increase 10%+ within 3 Miles Over the Next 5 Years
  • Excellent Visibility - Over 79,000 Cars/Day at the Intersection
  • Situated Along Major Retail Corridor - Walmart, AMC Theatres, Menards, Planet Fitness, Dollar Tree, and More
  • Average Household Income Exceeds $106K within a 3-Mile Radius
  • Direct Access to the Interstate 94 (6 Miles) via US Highway 41
  • Strong Daytime Population - 105,934 Employees in Surrounding Area

Broker Information