NNN Leased 7-Eleven Investment
For Sale
Contact for pricing
201 Pine Lake Ave, La Porte, IN 46350
NNN leased 7-Eleven with 11+ years remaining and rent escalations.
Property Size3,991 SF
Price / SF$1,308
Days on Market141
Property Features for 201 Pine Lake Ave
General Information
Standard status
Active
Size
3,991 SF
Property subtype
Retail
Zoning
B2
Building Details
Year Built
2021
Listing Agency:
Secure Net Lease
Listed By:
Bob Moorhead · License #548333
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 21 at 9:28AM
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 Secure Net Lease
Investment Insights
Based on property information with market context.
This property is leased to 7-Eleven, the largest chain store operator in the world with an S&P rating of A. The absolute NNN lease is brand new with an original term of 15 years, and over 11 years remaining. The lease includes 10% rent increases every 5 years. The property benefits from high traffic, located directly off Highway 35 with over 28,805 vehicles per day. Ongoing improvements by INDOT are in progress. Northwest Health - LaPorte is located 5 miles away, and Purdue University Northwest (Westville Campus) is approximately 12 miles from the location. 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 property is suitable for grocery and convenience store, retail, and specialty property use.
Key Highlights
- Absolute NNN Lease with 11+ Years Remaining
- 10% Rent Bumps Every 5 Years
- 7‑Eleven (S&P Rated A) - Largest Chain Store Operator in the World
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
227k
Monthly Visits Nearby
Balanced
Demand for This Use
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
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
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Odie Dogs — 311 lakeside st, la porte, in 46350
- La Porte’s Best Kept Secret — 115 McClung Rd, La Porte, IN 46350
- Bruno Enterprises Inc — 410 Pine Lake Ave A, La Porte, IN 46350
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN leased 7-Eleven with 11+ years remaining and rent escalations.
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 $5,221,000.
What are key features of this property?
This property features: Absolute NNN Lease with 11+ Years Remaining; 10% Rent Bumps Every 5 Years; 7‑Eleven (S&P Rated A) - Largest Chain Store Operator in the World
