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7-Eleven 201 Pine Lake Ave

3,991 SF Retail Building La Porte, IN 46350 $7,496,951 CAD ($1,878 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 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
$7,496,951 CAD
Price Per SF
$1,878 CAD
Cap Rate
5%
NOI
$374,848 CAD
Tenancy
Single
Building Height
1 Story
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
$377,297 CAD
Improvements Assessment
$561,872 CAD
Total Assessment
$939,169 CAD
  • Listing ID: 33690592

  • Date on Market: 2024-10-30

  • Last Updated:

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

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