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HOME DEPOT AND TARGET SHADOW-ANCHORED CENTER

$3,190,000 | 8.31%

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2871 East 81st Avenue
Merrillville, Indiana 46410

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Under Contract

Features

  • 93% Leased Shopping Center Featuring a Complementary Mix of Community-Oriented Businesses
  • Opportunity to Add Value by Leasing the Remaining 2,000 Vacant Square Feet Located in the Outlot Building
  • Opportunity to Substantially Increase the Base Rent on Suite 2895 when Re-tenanting at Market Rent | Achieve Stabilized Cap Rate Over 10%
  • Property is Priced Well Below Replacement Cost at Only $108.74 per Square Foot
  • Shadow-Anchored by Home Depot and Target | Highly Frequented Locations (Placer.ai)
  • The Home Depot Location is the Fifth Most Visited Home Depot in Indiana

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com

* Broker of Record: Josh Caruana

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