201 Pine Lake Ave La Porte, IN 46350

Exceptional investment opportunity featuring a 3,991 square foot 7-Eleven convenience store and gas station located at 201 Pine Lake Ave, La Porte, IN 46350. This property boasts a brand new, 15-year absolute NNN lease with 11.4 years remaining, commencing May 1, 2021, and expiring May 1, 2036. The lease includes three 5-year renewal options with a 7.5% rent increase every five years during the primary term and options. The property sits on a 0.79-acre lot and benefits from a strong 5.00% cap rate and a substantial net operating income (NOI) of $261,025. Built in 2021, the property enjoys 100% occupancy with a corporate guarantee from 7-Eleven, the world's largest chain store operator. Its strategic location directly off Highway 35 (28,805+ vehicles per day) provides excellent visibility and accessibility. The area also benefits from proximity to Northwest Health – La Porte (5 miles) and Purdue University Northwest (12 miles). La Porte's location, 10 miles from Michigan City, 25 miles from South Bend, and 50 miles from Chicago, further enhances its appeal. The property's price per square foot is $1,308.07, and the asking price is $5,220,500. This is a rare opportunity to acquire a high-performing, low-risk investment with a blue-chip tenant in a desirable location. The La Porte MSA boasts a population exceeding 9.57 million.