150 Pine Lake Ave | La Porte, IN 46350
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- LoopNet Team
150 Pine Lake Ave
La Porte, IN 46350
Chipotle w/ Drive-Thru | Rare 15-Yr Abs Net · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare 15-year absolute net lease featuring 10% rental increases every five years throughout the initial term and options.
- Chipotle is one of the largest Mexican restaurant chains in the US in terms of sales and number of locations.
- The site benefits from steady traffic due to its location along US Route 35 and proximity to Indiana State Road 2.
- Brand-new 2025 high-quality construction featuring a drive-thru pick-up lane; a rare fee simple qualifying for depreciation.
- 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.
- Directly across from ALDI and near many other national retailers including Kroger, Tractor Supply, Ollie’s Bargain Outlet, Anytime Fitness, and more.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,350 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.19 AC
Zoning
Commercial
Frontage
200’ on Pine Lake Ave
PROPERTY TAXES
| Parcel Number | 46-06-35-177-003.000-043 | Improvements Assessment | $315,100 |
| Land Assessment | $246,000 | Total Assessment | $561,100 |
PROPERTY TAXES
Parcel Number
46-06-35-177-003.000-043
Land Assessment
$246,000
Improvements Assessment
$315,100
Total Assessment
$561,100
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