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Retail properties & Spaces

150 Pine Lake Ave (Northwest Indiana) La Porte, IN 46350

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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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