Drive-Thru Restaurant For
For Sale
Contact for pricing
150 Pine Lake Ave, La Porte, IN
15-year absolute net lease, new construction, near major highway.
Property Size14,015 SF
Lot Size1.20 Acres
Price / SF$213.99
Days on Market577
Property Features for 150 Pine Lake Ave
General Information
Standard status
Active
Size
14,015 SF
Lot size
1.20 Acres
Property subtype
LAND
Listing Agency:
Marcus & Millichap | San Diego
(858) 373-3100
Listed By:
Alvin N. Mansour · License #(S):CA:01391653,TX:0606255
(858) 373-3184
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | San Diego
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is suitable for drive-through restaurants, general restaurants, retail, NNN properties, and specialty purposes. The site benefits from a 15-year absolute net lease and is a new construction project slated for completion in 2025. The property qualifies for depreciation and is located along U.S. Route 35, near I-90, and close to Pine Lake, a major recreational attraction. It is also within walking distance of a hospital and situated in a bustling tech hub. The property has a size of 14,015 square feet.
Key Highlights
- 15 Yr Absolute Net Lease
- Built in 2025
- Features a Drive Thru
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,735
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,454,700
$5.5M
Cap Rate 7%
$3,896,214
$3.9M
Cap Rate 9%
$3,030,389
$3.0M
Market Conditions
NOI Build-Up for 14,015 SF
Gross rent
$378.4K $27.00/SF
− Vacancy
−$14.8K −$1.05/SF
EGI
$363.6K $25.95/SF
− OpEx
−$90.9K −$6.49/SF
NOI
$272.7K $19.46/SF
Area
LaPorte County, IN
Vacancy
3.90%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,454,700
Cap Rate 7%
$3,896,214
Cap Rate 9%
$3,030,389
Alternative Uses
Best Use
Specialty Retail
$3.90M
$3.41M – $4.55M
NOI $272,735 @ 7.0% cap · market cap 9.09%
Second Best
Retail
$1.89M
$1.65M – $2.20M
NOI $131,990 @ 7.0% cap · market cap 4.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
227k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 17%
Groceries 15%
Beauty & Spa 3%
Kroger
Groceries
33,855 visits/mo
0.2 miles
McDonald's
Dining
29,544 visits/mo
0.1 miles
Culver's
Dining
21,947 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
20,499 visits/mo
0.1 miles
Dunkin' Donuts
Dining
20,033 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - 15-year absolute net lease, new construction, near major highway.
Where is this drive through restaurant located?
The property is located at 150 Pine Lake Ave La Porte, IN.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 15 Yr Absolute Net Lease; Built in 2025; Features a Drive Thru
