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7141-7149 Indianapolis Boulevard, Hammond, in 46324

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7141-7149 Indianapolis Boulevard, Hammond, in 46324 Office Building For Sale Heartland Dental Net-Leased Investment 7141-7149 INDIANAPOLIS BOULEVARD, HAMMOND, IN 46324 For more information, please contact: BRETT MCDERMOTT MYLES RAPCHAK Co-Founder/Senior Vice President 219.864.0200 219.864.0200 [email protected] [email protected] LATITUDECO.COM HEARTLAND DENTAL NET-LEASED INVESTMENT 7141-7149 Indianapolis Boulevard, Hammond, IN 46324 EXECUTIVE SUMMARY OFFERING SUMMARY PROPERTY HIGHLIGHTS • Net Leased investment with Heartland Dental, LLC Sale Price: $700,000 • 10.07% Cap Rate • Heartland Dental is the nation's largest dental support organization Price / SF: $200.00 • Tenant recently exercised an early 2-year renewal option Cap Rate: 10.07% • Leased through early 2022 with an additional 2-year option • Located in a strong trade area with high visibility just off the highway NOI: $70,500 Lot Size: 0.32 Acres Year Built: 1954 Building Size: 3500 SF Renovated: 2015 BRETT MCDERMOTT MYLES RAPCHAK • 2 • Co-Founder/Senior Vice President 219.864.0200 219.864.0200 LATITUDECO.COM [email protected] [email protected] HEARTLAND DENTAL NET-LEASED INVESTMENT 7141-7149 Indianapolis Boulevard, Hammond, IN 46324 PROPERTY DESCRIPTION PROPERTY DESCRIPTION Rare opportunity to purchase a net leased investment with Heartland Dental. The subject property is located on Indianapolis Boulevard in Hammond, IN roughly 1/2 mile from Interstate 80/94. Heartland Dental recently exercised an early renewal option for 2 years, extending the lease termination to early 2022. Heartland Dental, LLC occupies the main building which is roughly 2,000 SF and has an additional 1,500 SF building that is used for their storage equipment. Tenant reimburses Landlord for taxes, insurance and operating expenses and for up to $1500 per repair on the structural portions of the Premises and Building. Heartland Dental was founded in 1997 and is the nation's largest dental support organization. Heartland offers non-clinical, administrative support services in over 37 states to 1,400 supported dentists. Heartland Dental partners with the supported dentist to provide top notch dental services to its' customers. LOCATION DESCRIPTION The property is located in Hammond, IN on Indianapolis Boulevard, 1/2 mile north from 80-94 Hammond is a city in Lake County, Indiana, United States. It is part of the Chicago metropolitan area. First settled in the mid-19th century, it is one of the oldest cities of northern Lake County. As of the 2010 United States census, it is also the largest in population: the 2010 population was 80,830, replacing Gary as the most populous city in Lake County. From north to south, Hammond runs from Lake Michigan down to the Little Calumet River; from east to west along its southern border, it runs from the Illinois state line to Cline Avenue. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. BRETT MCDERMOTT MYLES RAPCHAK • 3 • Co-Founder/Senior Vice President 219.864.0200 219.864.0200 LATITUDECO.COM [email protected] [email protected] HEARTLAND DENTAL NET-LEASED INVESTMENT 7141-7149 Indianapolis Boulevard, Hammond, IN 46324 LOCATION MAPS BRETT MCDERMOTT MYLES RAPCHAK • 4 • Co-Founder/Senior Vice President 219.864.0200 219.864.0200 LATITUDECO.COM [email protected] [email protected] HEARTLAND DENTAL NET-LEASED INVESTMENT 7141-7149 Indianapolis Boulevard, Hammond, IN 46324 RETAILER MAP BRETT MCDERMOTT MYLES RAPCHAK • 5 • Co-Founder/Senior Vice President 219.864.0200 219.864.0200 LATITUDECO.COM [email protected] [email protected] HEARTLAND DENTAL NET-LEASED INVESTMENT 7141-7149 Indianapolis Boulevard, Hammond, IN 46324 DEMOGRAPHICS MAP & REPORT POPULATION 1 MILE 3 MILES 5 MILES Total population 9,165 105,622 251,001 Median age 36.9 35.4 36.0 Median age (Male) 36.3 33.5 34.7 Median age (Female) 37.3 37.1 37.4 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 3,650 38,898 93,400 # of persons per HH 2.5 2.7 2.7 Average HH income $48,958 $56,414 $57,367 Average house value $125,695 $157,380 $158,003 * Demographic data derived from 2010 US Census BRETT MCDERMOTT MYLES RAPCHAK • 6 • Co-Founder/Senior Vice President 219.864.0200 219.864.0200 LATITUDECO.COM [email protected] [email protected].
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