399 E 81st Ave

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399 E 81st Ave

Merrillville, IN 46410
Asking Price
$6.27M
Cap Rate
6.76%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

Top 7% Panera Bread in the Nation | 6 Tenants | 100% Occupied <ul><li>​Class "A" Panera-Anchored Asset: Features an institutional-quality, 18,215-square-foot retail design that is 100% leased to a strong mix of e-commerce-resistant restaurant and retail tenants.</li><li>​Top-Performing Drive-Thru Anchor: The anchor tenant, Panera Bread, utilizes a high-volume drive-thru lane and ranks among the top 7% of all Panera locations nationwide.</li><li>​Passive Triple-Net (NNN) Structure: All tenants operate under triple-net leases, minimizing direct landlord capi

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NOI
$80,000
Cap Rate
1.28%
DSCR
0.21
Underwater
Cash-on-Cash
-15.54%
Monthly Payment
$31,020.539
Annual Cash Flow
$-292,246.468

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