For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

201 Pine Lake Ave La Porte, IN 46350

Loading data...
Loading data...
Loading data...
For Sale
$5,220,500

New construction 7-Eleven with long-term NNN lease.

Property size:
3,991 SF
Lot size:
0.59 Acres

Property Features for 201 Pine Lake Ave

General Information

Size
3,991 SF
Lot size
0.59 Acres

Source: Secure Net Lease - Dallas Agent Bob Moorhead

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New 7-Eleven NNN Investment

Constructed in 2021, this property features a 3,991 square foot building situated on a 0.79 acre site. The property is under an absolute NNN lease with approximately 12 years remaining on the initial 15-year term, including 10% rent increases every 5 years. The location benefits from high traffic volume, situated directly off Highway 35 with over 28,805 vehicles per day. Nearby points of interest include Northwest Health – LaPorte, located 5 miles away, and Purdue University Northwest's Westville Campus, approximately 12 miles away. The property is located in La Porte, Indiana, which is 10 miles from Michigan City, 25 miles from South Bend, and 50 miles from Chicago. The tenant, 7-Eleven, is the largest chain store operator globally, with over 85,000 stores and an S&P rating of A. La Porte is noted as the second least expensive place to live in the U.S., with a metropolitan statistical area population exceeding 9.57 million within a population of 112,215.
Insight Report Location Intelligence

Current Use by Public Records

Exxon Gas Station 7-Eleven Convenience Store

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Similar Places Nearby

Odie Dogs, La Porte’s Best Kept Secret, Bruno Enterprises Inc

Location Insight

  • Map
  • Local Demand
City
La Porte
County
LaPorte
State
Indiana
Longitude
-86.7320845
Latitude
41.616592

FAQs

What type of property is this?
Grocery and convenience store - New construction 7-Eleven with long-term NNN lease.
Where is this grocery and convenience store located?
The property is located at 201 Pine Lake Ave La Porte, IN.
What is the asking price?
The asking price for this property is $5,220,500.
What are key features of this property?
This property features: - Absolute NNN Lease with 12 Years Remaining and 10% Rent Bumps Every 5 Years; - Brand New 15-Year Construction (2021); - 7-Eleven (S&P Rated A) Tenant
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message