Drive-Thru Restaurant For
150 Pine Lake Ave La Porte, IN
For Sale
Contact for pricing
15-year absolute net lease, new construction, near major highway.
Property Size14,015 SF
Lot Size1.20 Acres
Price / SF$213.99
Days on Market486
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) 373-3184
Listed By:
Alvin N. Mansour · License #0606255
(858) 373-3184
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:40AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $378.4k | $27.00 |
| − Vacancy | −$14.8k | −$1.05 |
| EGI | $363.6k | $25.95 |
| − OpEx | −$90.9k | −$6.49 |
| NOI | $272.7k | $19.46 |
14,015 SF · lease $27.00/SF/yr · vacancy 3.90% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
