I believe this feature would actually be classified as a hem operation in Inventor, however currently (2016) the specific geometry cannot be modeled either with Hems or any other feature. Many of my customer's would refer to this as a "Lap Joint" or "Overlapping seam" in sheetmetal, and it is a common request from them.

The image above shows my closest attempt at creating the Lap Joint. I've sketched an offset profile and attempted to use a Contour Flange feature to extrude the sketch. Using this method, at least I get a preview. However when I click OK to build it, Inventor errors with the following message:

I believe the issue at hand here is creating a flange wall that is parallel with it's attachment wall, and offset by a distance close to the thickness of the material causes two partial bends with not enough distance between them for Inventor to create a straight segment. This is clearly visible in the image above. (Notice the "S" shape of the contour flange)
This is a basic sheetmetal construction method used commonly in many sheetmetal boxes and enclosure fabrications. I've been asked by numerous people how to create this particular feature in Inventor, and to date I've not found a solution within sheetmetal that accomodates it. Users typically "fake" this into sheetmetal parts by reverting to solid body modeling tools.
Typically a Lap joint has one wall bend under another overlapping one. Sometimes both walls need to offset (one 1/2 material thickness upwards, the other downwards) to create a nice seam. Ideally, a Hem operation should be able to slightly offset the edge of a wall, without actually bending it, to accomodate this need.