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7880-7896 Broadway
Merrillville, IN 46410
Asking Price
$5.50M
Cap Rate
8.69%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 8.69% CAP | 48,327 SqFt <ul><li>8.69% IN-PLACE CAP RATE on NW Indiana's primary retail corridor — strong yield with institutional-quality tenancy</li><li>22 EXECUTED LEASES across 6 use categories providing diverse income streams</li><li>NEW TPO ROOFS & HVAC installed ~2021 across both buildings — minimal near-term CapEx</li><li>WINE BAR SIGNED 3,000 SF lease commences July 2026 — immediate rent growth</li><li>6,372 SF VACANT (3 UNITS) ~$1.15M additional value at 8.5% cap upon lease-up</li><li>9 NEW LEASES SIGNED
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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989
