Wendy's Drive-Through
For Sale
Contact for pricing
Pending
1504 Calumet Ave, Valparaiso, IN 46383
A new long-term NNN lease provides six five-year renewal options and no landlord responsibilities.
Property Size3,241 SF
Lot Size0.48 Acres
Days on Market140
Property Features for 1504 Calumet Ave
General Information
Standard status
Pending
Size
3,241 SF
Lot size
0.48 Acres
Property subtype
Retail, Special Purpose
Building Details
Buildings
1
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 8:24AM
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.
The Wendy’s restaurant at 1504 Calumet Ave in Valparaiso, Indiana, includes 3,241 square feet of building area on approximately 0.48 acres. The tenant is scheduled to enter a new 20-year triple-net lease following the close of escrow, with no landlord responsibilities under the stated lease structure.
Base-term rent adjustments are tied to the lesser of CPI changes or 1.25% annually, beginning in Year 3. The adjustment structure continues through the initial term and six additional five-year tenant renewal options. The lease also includes a guaranty from Meritage Hospitality Group, identified as a 318-unit operator and the second-largest franchisee in the Wendy’s system.
Base-term rent adjustments are tied to the lesser of CPI changes or 1.25% annually, beginning in Year 3. The adjustment structure continues through the initial term and six additional five-year tenant renewal options. The lease also includes a guaranty from Meritage Hospitality Group, identified as a 318-unit operator and the second-largest franchisee in the Wendy’s system.
Key Highlights
- 3,241‑square‑foot Wendy’s restaurant on approximately 0.48 acres
- New 20‑year triple‑net lease begins following the close of escrow
- No landlord responsibilities under the stated NNN lease structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 46383, IN
41,981
Population
18,343
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
87.5 sq mi
ZIP Area
480
Density / Sq Mi
$75,575
Median Household Income
$43,065
Median Earnings
$1,144
Median Rent
$258,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A new long-term NNN lease provides six five-year renewal options and no landlord responsibilities.
Where is this drive through restaurant located?
The property is located at 1504 Calumet Ave Valparaiso, IN.
What are key features of this property?
This property features: 3,241‑square‑foot Wendy’s restaurant on approximately 0.48 acres; New 20‑year triple‑net lease begins following the close of escrow; No landlord responsibilities under the stated NNN lease structure
