201 Pine Lake Ave - Convenience Store FOR SALE


La Porte, IN 46350
$5,220,500 USD
214-915-8890
201 Pine Lake Ave, La Porte, IN for Sale
$5,220,500 USD
Convenience Store - FOR SALE
1/6
null | 5% Cap Rate

201 Pine Lake Ave
La Porte, IN 46350


HIGHLIGHTS

  • 2021 Construction. 3,991+/- SF Building on 0.79+/- Acre Site
  • Great Traffic off Highway Location: Subject Property is Located Directly off Highway 35 (28,805+ VPD)
  • Northwest Health – LaPorte is Just 5 Miles Away & Purdue University Northwest (Westville Campus) is Located Approx. 12 Miles Away
  • La Porte, IN, is Located 10 Miles from the Larger Cities of Michigan City, 25 Miles from South Bend, and 50 miles from Chicago
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
  • La Porte | 2nd Least Expensive Place to Live in the U.S. | Population: 112,215+ (MSA Population: 9.57M+)

OVERVIEW

Brand New 15-Year with 12-Years Remaining Absolute NNN Lease with 10% Rent Bumps Every 5 Yrs

FOR SALE DETAILS

PRICE

$5,220,500 USD

PRICE/SF

$1,308 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

450

APN/PARCEL ID

46-06-35-109-040.000-043

ASK ABOUT THIS PROPERTY

Bob MoorheadSecure Net LeaseMore Info
214-915-8890

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Bob MoorheadSecure Net LeaseMore Info
214-915-8890

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