3704 Sheffield Ave
Family Dollar occupies half this building the other half is ready your business or new tenant!
Marketing description
Jameson Commercial, in cooperation with Key Realty, is pleased to present the opportunity to acquire a Family Dollar anchored small retail shopping center in Hammond Indiana. This investment is secured by a triple net lease and a corporate guarantee from Family Dollar for approximately 50% of the building with the remaining space available for a new tenant or owner/user to occupy. The vacant space is approximately 9,000 SF with mezzanine space. The Family Dollar lease has been in place at the property since 2002 with the tenant having excessed multiple extension options. Several options to extend with escalated rents remain in the lease.
The property is ideally located in a highly accessible and densely populated area. The site is situated approximately 1.2 miles from the Hammond Station for the South Shore line and 2.3 miles from Hegewisch Station. Chicago's Midway Airport is a 35 min drive.
Investment highlights
- Family Dollar anchored small retail shopping center in Hammond, Indiana
- Investment secured by a triple net lease and a corporate guarantee from Family Dollar for approximately 50% of the building
- Vacant space is approximately 9,000 SF with mezzanine space available for a new tenant or owner/user
- Family Dollar lease has been in place at the property since 2002
- Multiple options to extend with escalated rents remain in the lease
- Ideally located in a highly accessible and densely populated area
- Situated approximately 1.2 miles from the Hammond Station (South Shore Line)
- Chicago Midway Airport is a 35 min drive
- Current NOI: $41,876
- Projected NOI @ 100% Occupancy: $131,876 / 17.6% Cap Rate
- Sale Price: $750,000
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