2805 Calumet Ave - Retail FOR SALE


Valparaiso, IN 46383
$1,917,000 USD
312-624-7006
2805 Calumet Ave, Valparaiso, IN for Sale
$1,917,000 USD
Retail - FOR SALE
1/10
null | 6% Cap Rate

2805 Calumet Ave
Valparaiso, IN 46383


HIGHLIGHTS

  • New construction 7 Brew Drive Thru Coffee positioned on a high traffic padsite in Valparaiso, Indiana (Chicago MSA)
  • 15-Year initial lease term with 10% rental increases every 5 years
  • Architecturally significant building with striking street presence and an integrated double drive-thru stacking system to handle capacity
  • Located in the thick of several exciting new development projects that will reshape the Valparaiso retail landscape
  • Generous parcel size consisting of .59 acres of land, adding to the residual value of the real estate
  • Exposure to ~19,000 vehicles per day. Average household incomes exceed $110,000 within a 5-mile radius

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to purchase interest in a brand new, 15-Year Absolute Triple Net ground lease in Valparaiso, Indiana. This drive-thru location was built in 2025 and just opened for business. The lease insulates ownership from all landlord responsibilities, with the tenant paying operating expenses directly, while maintaining full responsibilities for all the improvements. Nestled between several exciting new development projects, this location is centrifugal to a flurry of retail activity occurring in Northwest Indiana. The building features 7Brew’s latest prototype design, with a welcoming double drive-thru stack that is ingeniously integrated into the building’s design lines. Valparaiso, Indiana, is part of the Chicago MSA, but offers a business-friendly alternative, with a lower cost of living, than most other Chicagoland submarkets afford. Area demographics are notably strong — with a population density of +58,000 people within a 5-mile radius, and average household incomes in excess of $110,000 annually. The lease is guaranteed by a 7 Brew franchisee with 7 other locations currently open for business. 7 Brew is a growing brand with 330 locations and a plan to accelerate development of new units. Northwest Indiana is a particular focus for them as they focus on their core strengths — a personalized customer experience characterized by speed, service and quality. This is a rare opportunity to own one of the last pieces of a core Valparaiso retail development, with the benefit of a long-term ground lease with significant scheduled rent growth over time.

FOR SALE DETAILS

PRICE

$1,917,000 USD

PRICE/SF

$3,759 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Drive-Thru 7 Brew

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

64-10-07-351-901.000-004

ASK ABOUT THIS PROPERTY

Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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Mitchell KivenMarcus & MillichapMore Info
312-624-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.