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201 Pine Lake Ave 3,991 SF Retail Building La Porte, IN 46350 $7,119,669 CAD ($1,783.93 CAD/SF) 5% Cap Rate
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
C
Year Built
2022
Price
$7,119,669 CAD
Price Per SF
$1,783.93 CAD
Cap Rate
5%
NOI
$355,983 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.80 AC
Zoning
450 - Commercial Convienent Markert with Gasoline Sales
Parking
12 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,100,014 CAD | |
| Land Assessment | $432,828 CAD | Total Assessment | $1,532,842 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$432,828 CAD
Improvements Assessment
$1,100,014 CAD
Total Assessment
$1,532,842 CAD
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201 Pine Lake Ave
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