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151 Newporte Blvd
La Porte, IN 46350

$2,261,000 USD

Freestanding For Sale  •  1,375 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 1,480 SF
  • Lot Size 0.67 AC
  • Building Class B
  • Year Built 2026
  • Cap Rate 5.75 %
  • Tenancy Single
50 Walk Score

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.
Cap Rate: 5.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Seven Brew Coffee 1,480 SF 7/31/2041

Public Transportation

AirportDriveWalkDistance
South Bend International 48 min - 26.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
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