1450 N Meridian St - Freestanding FOR SALE
Portland, IN 47371 |
1450 N Meridian St
Portland, IN 47371
HIGHLIGHTS
- 20-Year Absolute Triple Net lease With Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
- Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
- This Property is Ideally Situated Off North Meridian Street Which Sees Over 13,000 Vehicles Per Day
- Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years
- They Operate 900+ Locations Across 30 Different States
- Nearby Tenants Include: Tractor Supply, Pizza Hut, Taco Bell, Burger King, O'Reilly Auto Parts, CVS, Advance Auto Parts and Super Wash
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee - Portland, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
684
STORIES
1
YEAR BUILT
1954
SPRINKLERS
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PARKING SPACES
23
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
38-07-17-401-010.003-034,38-07-17-401-010.004-034
