Listed by Secure Net Lease
$5,221,000
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,991
Cap Rate 5%
NOI $261,025
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/01/2036
Remaining Term 9.8
Rent Bumps Yes
Lease Options (3) 5-Year Renewal Options
Price per SqFt $1,308
Year Built 2022
Buildings 1
Stories 1
Acreage 0.790
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2021
5.00% CAP | Great Traffic Off Highway Location | Bonus Depreciation
Marketing description
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Brand New 15-Year with 11+ Years Remaining Absolute NNN Lease with 10% Rent Bumps Every 5 Yrs.
- Great Traffic off Highway Location: Subject Property is Located Directly off Highway 35 (33,297+ VPD), Benefiting from Ongoing INDOT Improvements
- Northwest Health - LaPorte is Just 5 Miles Away & Purdue University Northwest (Westville Campus) is Located Approx. 12 Miles Away
- La Porte, IN, is Located 10 Miles from the Larger Cities of Michigan City, 25 Miles from South Bend, and 50 miles from Chicago
Investment highlights
- Rent Commencement: May 31st, 2022
- 7-Eleven (S&P Rated A): operates in 20 countries, employs over 167,000 people, and is the largest chain store operator in the world with 85,000 stores, including 15,304 in North America
- Regional Access: The site is located near U.S. Route 35 and approximately 5 miles from Interstate 94, providing direct regional access to Chicago (approx. 50 miles) and South Bend (approx. 25 miles); U.S. 35 is currently undergoing a 2.5-mile INDOT-led pavement and utility improvement project
- Tourism Driver: Close proximity to Indiana Dunes National Park and Lake Michigan (approximately 15 miles away), which attract significant tourism
- Nearby Employers: Northwest Health - LaPorte is just 5 miles away, and Purdue University Northwest (Westville Campus) is located approximately 12 miles away
- Brand Growth: 7-Eleven is the world’s largest convenience store chain, recently opened its 85,000th store, and continues to expand through year-round development, a new Evolution store model, and restaurant-containing locations nationwide
- Economic Base: LaPorte’s economy is supported by a mix of manufacturing, retail, and healthcare industries, including employers such as American Licorice Company and O’Hare Material Supply
Listing Contacts
Listed by Secure Net Lease
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$261,025.00
$21,752.08/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
Map
Zoning
B2 CommercialGeneral CommercialGeneral Commercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 163 uses
View all 163 uses Last updated Mar 13, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
