La Porte Retail for Sale

Brand New 15-Year with 11-Years Remaining Absolute NNN Lease with 10% Rent Bumps Every 5 Yrs

Property Subtype:

Convenience

Date on Market:

2026-03-24

Michigan City Specialty for Sale

Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 4120 Franklin Street, Michigan City, IN 46360. The site consists of roughly 3,416 rentable square feet of building space on an estimated .98-acre parcel of land. Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $311,850 and has scheduled increases of 2.00% Annually.

Property Subtype:

Car Wash

Date on Market:

2026-03-20

Chesterton Retail for Sale - Porter County

Property Subtype:

Storefront

Date on Market:

2026-02-19

South Bend Retail for Sale - Greater South Bend

This freestanding Walgreens property offers a rare opportunity to acquire a long-term, absolute NNN leased asset in South Bend, Indiana. Built in 2005, the ±14,820 SF building sits on a ±2.14-acre parcel at the high-visibility intersection of West Cleveland Road and North Bendix Drive, with direct exposure to the Indiana Toll Road. The site benefits from strong traffic counts exceeding 26,000 ADT and a dense trade area of over 115,000 residents with an average household income of $76,000. The property is strategically positioned adjacent to Aldi and Goodwill, with Meijer and Super Walmart nearby, ensuring consistent consumer traffic. Walgreens, ranked among Fortune’s “World’s Most Admired Companies,” operates under a 75-year lease with an absolute NNN structure, providing investors with zero landlord responsibilities. The current lease term extends until May 31, 2080, with the next termination option in 2030, offering exceptional stability. Base rent is $26,775 per month, generating a strong NOI of $321,300 and a competitive 11.08% cap rate. This investment combines credit tenancy, long-term income security, and prime location fundamentals, making it an ideal addition to any portfolio seeking reliable cash flow and minimal management obligations.

Property Subtype:

Drug Store

Date on Market:

2025-09-08

New Carlisle Retail for Sale

Introducing an exceptional opportunity for Retail / Retail Pad investors: 8989 E Us Highway 20, New Carlisle, IN. This impressive property features a 10,296 SF building, constructed in 2005 and zoned PUDM, offering 100% occupancy. Strategically located in the thriving New Carlisle area, this single tenant Absolute Triple Net Lease presents a prime investment proposition. Boasting high-traffic exposure and surrounded by well-established retail giants such as Kroger, Walgreens, Discount Tire, and more, this property provides a robust foundation for retail success. Don't miss the chance to become part of the flourishing retail landscape in this rapidly growing Indianapolis suburb.

Property Subtype:

Drug Store

Date on Market:

2026-01-28

Stevensville Retail for Sale

BRAND NEW 2021 WALGREENS | AFFLUENT MICHIGAN LAKESHORE MARKET | HEALTHCARE & RETIREMENT DRIVEN DEMAND TD Commercial Group is pleased to offer for sale a newly constructed Walgreens (Corporate) located at 4157 Red Arrow Hwy, Stevensville, MI, in one of Southwest Michigan’s most desirable and affluent suburban markets. This absolute NNN lease provides investors with passive, stable income backed by a nationally recognized tenant and a long-term commitment to the trade area. Completed in 2021, this modern build-to-suit reflects Walgreens’ latest prototype, strategically positioned along Red Arrow Highway, the region’s main arterial paralleling I-94. The property benefits from high visibility and strong traffic counts, connecting Benton Harbor, St. Joseph, and New Buffalo. The surrounding Lakeshore trade area boasts average household incomes exceeding $100,000 within three miles, driven by affluent homeowners and a growing retiree population. The store’s success is anchored by proximity to Corewell Health Lakeland Hospital (300 beds) and multiple senior living communities, creating a durable, healthcare-driven customer base. Seasonal tourism and retirement migration to Michigan’s “Sunset Coast” further strengthen prescription and convenience sales, providing long-term insulation from retail volatility.

Property Subtype:

Drug Store

Date on Market:

2025-10-17