For Sale: Absolute Net Lease Investment - Dairy Queen | 19+ Years Remaining

For Sale

954 Indianapolis Blvd, Hammond, IN 46320

This Hammond property for sale is located at 954 Indianapolis Blvd. The general use of For Sale: Absolute Net Lease Investment - Dairy Queen | 19+ Years Remaining is retail and it incorporates 3,367 square feet of class B retail space. The current listed sale price for For Sale: Absolute Net Lease Investment - Dairy Queen | 19+ Years Remaining is $2,700,000. For Sale: Absolute Net Lease Investment - Dairy Queen | 19+ Years Remaining is situated on a lot that is 0.97 acre in size.

Contacts

broker

Brett McDermott

Latitude Commercial

Property Details

  • Property Type Retail - Freestanding
  • Property Size 3,367 SF
  • Lot Size 0.97 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2020
  • Date Updated Sep 23, 2024
The subject property is located on the North side of Hammond, IN and right along the Illinois border. Hammond is a city in Lake County, Indiana, United States. It is part of the Chicago metropolitan area. First settled in the mid-19th century, it is one of the oldest cities of northern Lake County. As of the 2010 United States census, it is also the largest in population: the 2010 population was 80,830, replacing Gary as the most populous city in Lake County. From north to south, Hammond runs from Lake Michigan down to the Little Calumet River; from east to west along its southern border, it runs from the Illinois state line to Cline Avenue. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road.Latitude Commercial is pleased to offer for sale the fee simple interest in a recently constructed 3,367 SF Dairy Queen located in Hammond, IN. The subject property was constructed in 2020 with over 19 years remaining on the lease and 2 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 5% bumps every 3 years throughout the initial term and option periods, growing the NOI and hedging against inflation. The lease contains a strong personal guaranty from the franchisee and is absolute NNN with no Landlord responsibilities making this investment an ideal, management-free investment. The asset is strategically located in a strong retail corridor in Hammond, IN near the Illinois border. The area has seen tremendous growth over the years and is located near Horseshoe Casino. The property is an outlot to a Walmart Supercenter that is ranked 4th in the state of Indiana and top 91% nationwide for annual store visits according to Placer Ai. Other nearby national tenants include Starbucks, Five Below, Ross, Taco Bell, Midwest Express Clinic and many more.

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Highlights

  • Absolute Net lease Dairy Queen with strong personal guarantee
  • 2020 construction with over 19 years remaining on Initial Term
  • Strong Retail location anchored by Walmart Supercenter and Ross
  • 15 miles from Downtown Chicago
  • Nearby nationals include Starbucks, IHOP, Taco Bell, Midwest Express Clinic
  • Located near Hammond Horseshoe Casino

Attachments

Getting around

  • 44/100

    Walk Score ®

  • 74/100

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Location

  • City Hammond, IN
  • Neighborhood Robertsdale
  • Zip Code 46320
  • Market Chicago

Points of Interest

  • Hammond-Whiting

    0.64 miles

  • East Chicago

    6.13 miles

  • Luke

    0.06 miles

  • Citgo

    0.30 miles

  • Mobil

    0.79 miles

  • Clark

    1.21 miles

  • Shell

    3.03 miles

  • GoLo

    4.39 miles

  • Speedway

    4.65 miles

  • Hammond City Hall Parking

    6.26 miles

  • 169th Street Parking

    7.86 miles

  • 169th St. Parking Garage

    7.96 miles

  • North 173rd Street Parking

    8.11 miles

  • South 173rd Street Parking

    8.29 miles

  • 84 HSM Parking Lot

    8.92 miles

  • DQ Grill & Chill

    0.00 miles

  • IHOP

    0.03 miles

  • Popeyes

    0.05 miles

  • Taco Bell

    0.07 miles

  • Wingstop

    0.08 miles

  • McDonald's

    0.62 miles

  • Purple Steer

    0.73 miles

  • Subway

    0.83 miles

  • Dunkin'

    0.93 miles

  • Capri's Pizza

    0.99 miles

  • Ross

    0.17 miles

  • Walmart Supercenter

    0.22 miles

  • Strack & Van Til

    1.12 miles

  • La Palma Super Market

    1.68 miles

  • Tony's Fresh Market

    1.75 miles

  • ALDI

    4.32 miles

  • 1st Choice Market

    5.70 miles

  • Food 4 Less

    7.19 miles

  • Target

    8.86 miles

  • dd's Discounts

    8.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brett McDermott

Latitude Commercial