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201 Pine Lake Ave
La Porte, IN 46350
Retail Property For Sale
Investment Highlights
- 2021 Construction. 3,991+/- SF Building on 0.79+/- Acre Site
- Northwest Health – LaPorte is Just 5 Miles Away & Purdue University Northwest (Westville Campus) is Located Approx. 12 Miles Away
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
- Great Traffic off Highway Location: Subject Property is Located Directly off Highway 35 (28,805+ VPD)
- La Porte, IN is Located 10 Miles from the Larger Cities of Michigan City, 25 Miles from South Bend, and 50 miles from Chicago
- La Porte | 2nd Least Expensive Place to Live in the U.S. | Population: 112,215+ (MSA Population: 9.57M+)
Executive Summary
Brand New 15-Year with 11-Years Remaining Absolute NNN Lease with 10% Rent Bumps Every 5 Yrs
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,991 SF
Building Class
B
Year Built
2021
Price
$7,168,329 CAD
Price Per SF
$1,796.12 CAD
Cap Rate
5%
NOI
$358,416 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.79 AC
Zoning
450 - Commercial Convienent Markert with Gasoline Sales
Frontage
162’ on PINE LAKE AVE
Property Taxes
| Parcel Number | 46-06-35-109-040.000-043 | Improvements Assessment | $1,102,640 CAD |
| Land Assessment | $368,782 CAD | Total Assessment | $1,471,423 CAD |
Property Taxes
Parcel Number
46-06-35-109-040.000-043
Land Assessment
$368,782 CAD
Improvements Assessment
$1,102,640 CAD
Total Assessment
$1,471,423 CAD
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