1450 N Meridian St - Freestanding FOR SALE
Portland, IN 47371 |
$1,440,000 USD
843-510-0551
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
OVERVIEW
Sands Investment Group Is Pleased to Exclusively Offer For Sale the 684 SF Scooter's Coffee Located at 1450 North Meridian Street in Portland, IN. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With Zero Landlord Responsibilities. A 20-Year Lease With 10% Increases Every 5 Years Will Commence at the Close of Escrow, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,440,000 USD
PRICE/SF
$1,143 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee - Portland, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
0.42 AC
LAND SF
18,295 SF
ZONING
Commercial
APN/PARCEL ID
38-07-17-401-010.003-034,38-07-17-401-010.004-034
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843-510-0551
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