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150 Pine Lake Ave (Northwest Indiana) La Porte, IN 46350

Source: https://www.marcusmillichap.com
For Sale
$3,157,895

High-traffic location, strong tenant, excellent returns.

Property size:
2,350 SF

Description

Added:
Apr 2, 2025
Days on Market:
256
This exceptional investment opportunity presents a rare 15-year absolute net lease with a Chipotle restaurant in La Porte, Indiana. The property boasts a brand-new (2025 construction) 2,350 square foot building featuring a convenient drive-thru lane. Located on 0.05 acres at 150 Pine Lake Ave, this site benefits from exceptional visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 30,000 vehicles. Its strategic location along US Route 35 and near Indiana State Road 2 provides easy access to South Bend and Michigan City. The property enjoys a strong tenant in Chipotle, one of the nation's largest Mexican restaurant chains, with annual revenue exceeding $11.31 billion. The lease includes 10% rental increases every five years throughout the initial term and options, ensuring consistent and growing returns. The property's proximity to other national retailers like Aldi, Kroger, Tractor Supply, and Ollie's Bargain Outlet, as well as Northwest Health La Porte Acute Care Hospital, further enhances its value and appeal. The location near Pine Lake, a major recreational attraction, boosts foot traffic, particularly during peak seasons. This investment is further strengthened by Northwest Indiana's burgeoning tech sector, with significant investments from Microsoft and Amazon in nearby data centers. The property qualifies for depreciation, offering additional tax advantages. This is a compelling investment opportunity in a thriving location with a strong tenant and a secure, long-term lease.

Property Features for 150 Pine Lake Ave (Northwest Indiana)

General Information

Property type
Restaurants
Square Feet
2,350 SF
Price / Square Foot
$1,343
Elevators
N/A
Net Rentable
2,350 SF
Lot Size
2,350 SF

Building Details

Buildings
1
Stories
1

HighLights

  • Brand new 2025 construction Chipotle with drive‑thru.
  • 15‑year absolute NNN lease with 10% rent increases every 5 years.
  • High‑traffic location near major retailers and I‑90, in growing NW Indiana.
Insight Report Location Intelligence

Current Use by Public Records

Retail properties

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
La Porte
State
Indiana
Longitude
-86.73115
Latitude
41.614867

FAQs

What type of property is this?
Restaurant - High-traffic location, strong tenant, excellent returns.
Where is this restaurant located?
The property is located at 150 Pine Lake Ave (Northwest Indiana) La Porte, IN.
What is the asking price?
The asking price for this property is $3,157,895.
What are key features of this property?
This property features: Brand new 2025 construction Chipotle with drive-thru.; 15-year absolute NNN lease with 10% rent increases every 5 years.; High-traffic location near major retailers and I-90, in growing NW Indiana.
More about this property
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