201 Pine Lake Ave
La Porte, IN
Price:
$5,220,500
Cap Rate:
5.00%
NOI:
$261,025
Building Size:
Approx. 3,991 Sq. Ft.
Lot Size:
Approx. 0.79 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 3,991+/- SF Building on 0.79+/- Acre Site
- Brand New 15-Year with 12-Years Remaining Absolute NNN Lease with 10% Rent Bumps Every 5 Yrs
- Great Traffic off Highway Location: Subject Property is Located Directly off Highway 35 (28,805+ VPD)
- Northwest Health – LaPorte is Just 5 Miles Away & Purdue University Northwest (Westville Campus) is Located Approx. 12 Miles Away
- La Porte, IN, is Located 10 Miles from the Larger Cities of Michigan City, 25 Miles from South Bend, and 50 miles from Chicago
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
- La Porte | 2nd Least Expensive Place to Live in the U.S. | Population: 112,215+ (MSA Population: 9.57M+)