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7-Eleven 201 Pine Lake Ave 3,991 SF Retail Building La Porte, IN 46350 $5,221,000 ($1,308.19/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
Convenience Store
Building Size
3,991 SF
Building Class
B
Year Built
2021
Price
$5,221,000
Price Per SF
$1,308.19
Cap Rate
5%
NOI
$261,050
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
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 46-06-35-109-040.000-043 | Improvements Assessment | $795,300 |
| Land Assessment | $268,600 | Total Assessment | $1,063,900 |
PROPERTY TAXES
Parcel Number
46-06-35-109-040.000-043
Land Assessment
$268,600
Improvements Assessment
$795,300
Total Assessment
$1,063,900
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7-Eleven | 201 Pine Lake Ave
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