New Chipotle with Drive-Thru
For Sale
$3,157,895
150 Pine Lake Ave Northwest Indiana, La Porte, IN 46350
Chipotle w/ Drive Thru | Rare 15 Year Absolute NNN Lease | Qualifies for Depreciation | NW Indiana
Property Size2,350 SF
Lot Size0.05 Acres
Price / SF$1,343
Days on Market560
Property Features for 150 Pine Lake Ave Northwest Indiana
General Information
Standard status
Active
Property type
Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
2,350 SF
Net Rentable
2,350 SF
Elevators
N/A
Lot size
0.05 Acres
Building Details
Buildings
1
Stories
1
Listed By:
Alvin Mansour
(858) 373-3184
Added: Apr 2, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This property features a Chipotle restaurant in La Porte, Indiana. Constructed in 2025, the 2,350 square foot building includes a drive-thru lane. The property is located at 150 Pine Lake Ave on 0.05 acres. Situated along a major retail corridor, the location benefits from high visibility and accessibility, with daily traffic exceeding 30,000 vehicles. It is strategically positioned along US Route 35 and near Indiana State Road 2, providing access to South Bend and Michigan City. The property is subject to a 15-year absolute net lease with Chipotle, a large Mexican restaurant chain with annual revenue exceeding $11.31 billion. The lease includes 10% rental increases every five years throughout the initial term and options. The property is near other national retailers, including Aldi, Kroger, Tractor Supply, and Ollie's Bargain Outlet, as well as Northwest Health La Porte Acute Care Hospital. Its location near Pine Lake, a recreational attraction, increases foot traffic. The property is located in Northwest Indiana, near significant investments from Microsoft and Amazon in nearby data centers. The property qualifies for depreciation.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46350, IN
44,522
Population
19,576
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
193.5 sq mi
ZIP Area
230
Density / Sq Mi
$75,311
Median Household Income
$44,309
Median Earnings
$920
Median Rent
$199,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Kabo Enterprises Inc — 112 1st St, La Porte, IN 46350
Frequently Asked Questions
What type of property is this?
Restaurant - Chipotle w/ Drive Thru | Rare 15 Year Absolute NNN Lease | Qualifies for Depreciation | NW Indiana
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.
