Wendy’s Triple-Net Restaurant
For Sale
Contact for pricing
301 W Hively Ave, Elkhart, IN 46517
Wendy’s restaurant on leased land with a brand-new 20-year triple-net agreement and fixed rental increase terms.
Property SizeContact for details
Days on Market121
Property Features for 301 W Hively Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 3:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This offering features a Wendy’s restaurant property available for sale, with the tenant entering a brand-new 20-year triple-net (NNN) lease. The lease is structured with rental increases that are the lesser of the change in CPI or 1.25% annually, beginning in Year 3, and continuing through the base term and into six, five-year tenant renewal options. The lease also includes a guaranty from Meritage Hospitality Group.
The property is located at 301 W Hively Ave in Elkhart, Indiana. The building contains 2,400 square feet and sits on approximately 0.64 acres of land.
No landlord responsibilities are included under the NNN structure from the day following close of escrow, aligning the lease with a fully net operating framework.
The property is located at 301 W Hively Ave in Elkhart, Indiana. The building contains 2,400 square feet and sits on approximately 0.64 acres of land.
No landlord responsibilities are included under the NNN structure from the day following close of escrow, aligning the lease with a fully net operating framework.
Key Highlights
- Wendy’s restaurant at 301 W Hively Ave, Elkhart, IN with 2,400 SF building space
- Approx. 0.64‑acre site on leased land
- Tenant signed brand‑new 20‑year triple‑net (NNN) lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 46517, IN
24,006
Population
9,915
Households
2.4
Avg Household Size
36
Median Age
15%
College-Educated
81%
High-School Grad
36.9 sq mi
ZIP Area
651
Density / Sq Mi
$53,263
Median Household Income
$34,649
Median Earnings
$942
Median Rent
$168,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Wendy’s restaurant on leased land with a brand-new 20-year triple-net agreement and fixed rental increase terms.
Where is this nnn property located?
The property is located at 301 W Hively Ave Elkhart, IN.
What are key features of this property?
This property features: Wendy’s restaurant at 301 W Hively Ave, Elkhart, IN with 2,400 SF building space; Approx. 0.64‑acre site on leased land; Tenant signed brand‑new 20‑year triple‑net (NNN) lease
