American Freight (Chicago MSA) Merrillville, Indiana

$1,666,498
Cap Rate: 8.00%
Closed
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 8.00%
Year Built: 1969
NOI: $133,320
Building Size: 31,410 sq. ft.
Lot Size: 1 Acre
Lease Expiration: 12/31/2024

Address:

8000 Broadway
Merrillville, IN 46410

American Freight is a 10-year triple net lease investment opportunity with seven plus years remaining on the lease. There are two, five-year option periods with a minimal one percent annual increases in both base term and option periods.

American Freight Furniture and Mattress has over 140 stores throughout the United States. Famous manufacturers turn to American freight Furniture and Mattress stores for quick liquidation and disbursement. Their low operating cost saves consumers from paying expensive retail showroom markups for their furniture allowing customers to purchase high quality furniture at closeout prices.

American Freight is located in the most populous town of Merrillville, Indiana, which is approximately 30 miles from the Greater Chicago Area and part of the Chicago MSA. American Freight is located on a major retail corridor. It is strategically positioned and surrounded by national retailers including Meijers, Aldi, Old Time Pottery, Walmart Supercenter, Sam’s Club, Target, Macy’s, Kohl’s, Home Depot, Dick’s Sporting Goods, Staples, Lowe’s, Costco, Old Navy, Best Buy, Hobby Lobby, T.J. Maxx, Wendy’s, Olive Garden, Panera Bread and many more. Merrillville is also home to the corporate headquarters of Nisource, One of the largest utility companies and a Fortune 500 company. American Freight is within close proximity to Interstate 65 and US Route 30.

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