Munster 2-Building NNN Leased Portfolio Listing Details & Market Data

Located just 1/2 mile from the IN/IL border at the corner of Hohman Ave & Ridge Rd in Munster, IN. Munster is a town located in North Township in Lake County, Indiana. This bedroom community lies in the Chicago metropolitan area, approximately 30 miles southeast of the Chicago Loop. The 2020 U.S. Census count the town's population at 23,894. The town is home to a number of local, regional and national companies and extensive community resources. Among them are the Community Hospital, the Center for Visual and Performing Arts, The Times of Northwest Indiana newspaper, a PepsiCo bottling and distribution facility, and a Whole Foods Market distribution center. Also located just 1/2 mile to the new Munster South Shore Line Train Station under construction, which will provide commuters train service to Downtown Chicago.Unique value-add investment opportunity in Munster, Indiana - a 2-building triple net leased retail property located at 8231 - 8241 Hohman Ave. This property, encompassing 20,105 square feet, benefits from a prime position adjacent to the new Munster South Shore train station, currently under construction. Anchored by Papa John's, this property offers an attractive 8.1% capitalization rate and promises both stability and the opportunity for increased returns. Currently, the property presents a value-add opportunity as the existing rental rates are below the market average. By implementing strategic lease renewals and adjustments, investors can unlock the property's true income potential and capitalize on the strong demand for retail space in the area. Papa John's, a nationally recognized and highly regarded brand, serves as the anchor tenant for this investment property. With its established presence and loyal customer base, Papa John's ensures a consistent stream of foot traffic, further enhancing the property's investment appeal. The property's proximity to the new Munster South Shore train station presents a significant advantage for tenants and customers alike. The station is expected to become a bustling transportation hub, providing convenient access for commuters and residents from Munster and the surrounding areas.3,300 SF Endcap available for lease at below market rental rates. This property, encompassing 20,105 square feet, benefits from a prime position adjacent to the new Munster South Shore train station, currently under construction. Papa John's, a nationally recognized and highly regarded brand, serves as the anchor tenant for this property. With its established presence and loyal customer base, Papa John's ensures a consistent stream of foot traffic, further enhancing the property's appeal. The property's proximity to the new Munster South Shore train station presents a significant advantage for tenants and customers alike. The station is expected to become a bustling transportation hub, providing convenient access for commuters and residents from Munster and the surrounding areas.