150 Pine Lake Ave - Restaurant FOR SALE
La Porte, IN 46350 |
$2,999,000 USD
858-373-3184
150 Pine Lake Ave
La Porte, IN 46350
HIGHLIGHTS
- Rare 15-year absolute net lease featuring 10% rental increases every five years throughout the initial term and options.
- Brand-new 2025 high-quality construction featuring a drive-thru pick-up lane; a rare fee simple qualifying for depreciation.
- Chipotle is one of the largest Mexican restaurant chains in the US in terms of sales and number of locations.
- Annual revenue in excess of $11.31 billion, a total net worth of more than $3.65 billion and is ranked #399 on the Fortune 500 list.
- The site benefits from steady traffic due to its location along US Route 35 and proximity to Indiana State Road 2.
- Directly across from ALDI and near many other national retailers including Kroger, Tractor Supply, Ollie’s Bargain Outlet, Anytime Fitness, and more.
OVERVIEW
150 Pine Lake Avenue is a brand-new, 2025-constructed quick-service retail building. The building is currently home to national tenant Chipotle, which is on a rare 15-year absolute net lease. This retail opportunity is a rare fee simple opportunity and qualifies for depreciation.
150 Pine Lake Avenue is highly visible and easily accessible, fronting US Route 35 and near Interstate 90. It is also in proximity to major recreational attractions like Pine Lake and within walking distance from the nearest La Porte hospital, in the city's bustling tech hub. It is also close to Microsoft and Amazon projects, pursuing $12B in construction.
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$2,999,000 USD
PRICE/SF
$1,276 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle w/ Drive-Thru | Rare 15-Yr Abs Net
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.19 AC
LAND SF
51,866 SF
ZONING
Commercial
APN/PARCEL ID
46-06-35-177-003.000-043
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
