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7-Eleven 201 Pine Lake Ave

3,991 SF Retail Building La Porte, IN 46350 £4,152,490 (£1,040/SF) 5% Net Initial Yield

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 12-Years Remaining Absolute NNN Lease with 10% Rent Bumps Every 5 Yrs

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,991 SF
Building Class
B
Year Built
2021
Price
£4,152,490
Price Per SF
£1,040
Net Initial Yield
5%
NOI
£207,625
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.79 AC
Zoning
450 - Commercial Convienent Markert with Gasoline Sales

Nearby Major Retailers

Aldi
Kroger
Centier Bank
Anytime Fitness
Starbucks
Fast Eddie's
Buffalo Wild Wings
Horizon Bank
PNC Bank
Flagstar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-06-35-109-040.000-043
Land Assessment
£213,650
Improvements Assessment
£318,168
Total Assessment
£531,818
  • Listing ID: 33690592

  • Date on Market: 30/10/2024

  • Last Updated:

  • Address: 201 Pine Lake Ave, La Porte, IN 46350

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