150 Pine Lake Ave - Restaurant FOR SALE
La Porte, IN 46350 |
$3,157,895 USD
858-373-3184
150 Pine Lake Ave
La Porte, IN 46350
HIGHLIGHTS
- Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Rare Fee Simple Qualifying for Depreciation.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. 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 U.S. Route 35 and proximity to Indiana State Road 2.
- Directly Across ALDI and near Numerous other National Retailers including Kroger, Tractor Supply, Ollie’s Bargain Outlet, Anytime Fitness and more.
OVERVIEW
Brand New 2025 Construction | Rare Fee Simple | Qualifies for Depreciation | Along U.S. Route 35 | Near Interstate-90 | Near Pine Lake - Major Recreational Attraction | Walking Distance from Hospital | Bustling Tech Hub - Close Proximity to $12B Microsoft and Amazon Projects
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
$3,157,895 USD
PRICE/SF
$1,344 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CHIPOTLE w/ DR-THRU | RARE 15YR ABS NET LEASE
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
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858-373-3184
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858-373-3184
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