151 Newporte Blvd - Freestanding FOR SALE
La Porte, IN 46350 |
$2,261,000 USD
858-373-3184
151 Newporte Blvd
La Porte, IN 46350
HIGHLIGHTS
- 15 Year NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Positioned Along Area’s Traffic & Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 30k Vehicles.
- The Site benefits from steady Traffic Due to its location along U.S. Route 35 and proximity to Indiana State Road 2.
- Adjacent to ALDI and Pad to Numerous National Retailers including Kroger, Tractor Supply, Ollie’s Bargain Outlet, Anytime Fitness and more.
- Less than a Mile from Downtown La Porte, the County Seat and Civic Hub, Placing the Site at the Intersection of Local Government Employment.
- Located near One of the World’s Largest Regional Economies, Chicago, to the West, and South Bend, Home to the University of Notre Dame.
OVERVIEW
Rare Larger Format Store | Blackstone Recently Invested in 7-Brew and Seeks to Help Rapidly Expand the Concept | Brand New Construction | Directly Adjacent to Kroger & Aldi | Along U.S. Route 35 | In Close Proximity to 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: Julia Evinger | 510 East 96th St., Ste. 200 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14040143 | Julia.Evinger@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$2,261,000 USD
PRICE/SF
$1,644 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SEVEN BREW COFFEE | 15 YR NNN GROUND LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
9
LAND DETAILS
LAND ACRES
0.67 AC
LAND SF
29,185 SF
ZONING
-
APN/PARCEL ID
46-06-35-201-010.000-043
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858-373-3184
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858-373-3184
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