150 Pine Lake Ave (Northwest Indiana) La Porte, IN 46350
This exceptional investment opportunity presents a rare 15-year absolute net lease with a Chipotle restaurant in La Porte, Indiana. The property boasts a brand-new (2025 construction) 2,350 square foot building featuring a convenient drive-thru lane. Located on 0.05 acres at 150 Pine Lake Ave, this site benefits from exceptional visibility and accessibility, situated along a major retail corridor with daily traffic exceeding 30,000 vehicles. Its strategic location along US Route 35 and near Indiana State Road 2 provides easy access to South Bend and Michigan City. The property enjoys a strong tenant in Chipotle, one of the nation's largest Mexican restaurant chains, with annual revenue exceeding $11.31 billion. The lease includes 10% rental increases every five years throughout the initial term and options, ensuring consistent and growing returns. The property's proximity to other national retailers like Aldi, Kroger, Tractor Supply, and Ollie's Bargain Outlet, as well as Northwest Health La Porte Acute Care Hospital, further enhances its value and appeal. The location near Pine Lake, a major recreational attraction, boosts foot traffic, particularly during peak seasons. This investment is further strengthened by Northwest Indiana's burgeoning tech sector, with significant investments from Microsoft and Amazon in nearby data centers. The property qualifies for depreciation, offering additional tax advantages. This is a compelling investment opportunity in a thriving location with a strong tenant and a secure, long-term lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.