705 N Meridian St - Retail FOR SALE
Portland, IN 47371 |
$1,712,855 USD
646-921-9713
705 N Meridian St
Portland, IN 47371
HIGHLIGHTS
- Absolute NNN Lease with Corporate Guarantee: Backed by Arby’s Restaurant Group, Inc., the lease offers passive ownership
- Long-Term Lease Term with ±11 Years Remaining: Lease extends through December 31, 2036, providing stable, predictable cash flow for over a decade.
- Rare 1.5% Annual Rent Escalations: Annual rental increases enhance yield and provide a hedge against inflation
- Attractive Pricing and Cap Rate: Offered at $1,712,855 with a 5.50% capitalization rate, supported by strong tenant performance and corporate credit.
- Established Operating History: Arby’s has occupied the site since 1997, demonstrating long-term operational success
- Modern 2018 Construction to Current Prototype: Redeveloped in 2018 to align with Arby’s “Inspire” design
FOR SALE DETAILS
PRICE
$1,712,855 USD
PRICE/SF
$370 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Arby’s
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
38-07-16-303-058.001-034
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646-921-9713
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646-921-9713
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