SINGLE TENANT HARD CORNER WALTER E SMITHE

SINGLE TENANT HARD CORNER WALTER E SMITHE

$6,906,000 | 7.50%

Merrillville, Indiana

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Features

  • NNN Walter E. Smithe with 10.5-years of term remaining
  • Build-to-suit building with a tenant that has operated at this location for 20 years and just executed a 10-year extension, reflecting at least a 30-year commitment to the property
  • Corporately guaranteed by Walter E. Smithe Furniture, Inc
  • 0.6 miles from on/off ramp of Interstate-65, which sees 103,876 vehicles per day
  • Located in a major retail corridor | Surrounded by top ranked retailers and shopping centers
  • 1.4 miles from Southlake Mall, the 4th most visited regional mall in Indiana, which attracts 6.3 million annual visitors (Placer.ai)
  • Cluster of auto dealerships within a three-mile radius—Lexus, Acura, Buick, GMC, Cadillac, Infiniti, Hyundai, Ford, Lincoln, and Mazda—and 23 hotels located within two miles
  • From 2010-2020, the population grew 9.47 percent and is expected to grow an additional 1.77 percent by 2029 within a one-mile radius

Contact

SEAN SHARKO
Senior Managing Director
Tel: (630) 570-2238
sean.sharko@marcusmillichap.com

* Broker of Record: Josh Caruana

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