Marcus & Millichap Sells Two Retail Properties Leased To Chipotle And 7 Brew For $4.3M

Two adjacent single-tenant retail properties located at 2803 Calumet Avenue & 2805 Calumet Avenue in Valparaiso, IN were sold for $4,300,000. The properties are leased to Chipotle and 7 Brew on 15-year leases.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,300,000
• Address: 2803 Calumet Avenue & 2805 Calumet Avenue
• Market: Valparaiso, IN
• Leases: 15-year leases

Marcus & Millichap arranged the sale, with Nicholas Kanich and Mitchell Kiven representing the Indiana-based seller. They sourced two separate buyers, including a Nevada-based investment firm and an Indiana-based investor.