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301 W Hively Ave
Elkhart, IN 46517
Retail Property For Sale
Investment Highlights
- Long Term Operating History | This has Been a Wendy’s Since 1980
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Meritage Hospitality Group is an Experienced 337+ Unit Operator
- Brand New 20-Year Sale Leaseback
- Attractive Rental Increases | Lesser of Change in CPI or One and a Quarter Percent (1.25%) Annually Starting in Year 3
- Expansion into Key Markets
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,875 SF
Building Class
C
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.64 AC
Zoning
ZO01
Frontage
131’ on Benham Ave
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 20-06-17-402-004.000-012 | Improvements Assessment | $523,500 |
| Land Assessment | $63,000 | Total Assessment | $586,500 |
Property Taxes
Parcel Number
20-06-17-402-004.000-012
Land Assessment
$63,000
Improvements Assessment
$523,500
Total Assessment
$586,500
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