980 N Meridian St - Freestanding FOR SALE
Portland, IN 47371 |
980 N Meridian St
Portland, IN 47371
HIGHLIGHTS
- Just Reduced!! Multiple 10% Rental Increases, Offering Continual Income Growth & Taking the CAP Rate to 7.21% by Year 2027 and 7.93% CAP in Year 203
- Newer Medical (2022) Construction, State-of-the-Art Fast Pace Urgent Care Location: Long-Term, NNN Lease with Approx. 13.5 Years of Term Remaining
- No Daily Management Responsibilities: Tenant Responsible for All Daily Management, Real Estate Taxes and Insurance
- Corporately Backed, Single-Tenant Location with Sought-After Well-Known National Tenant (275+ Current Locations in 6 States)
- Highly Visible Signage" Excellent Frontage & High Traffic (17,155+ Vehicles/Day) Surrounding Property at Main Intersection of Two Main Thoroughfares
- Growing City: Ideal Demographics with Avg. Household Incomes of Approx. $83,000 Within a 10-Mile Radius
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
Reduced NNN Fast Pace Health: 7.21% CAP(2027)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Storefront, Medical
TOTAL BUILDING SIZE
2713
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
38-07-17-404-028.000-034
