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701 N Meridian St
Portland, IN 47371

$1,712,855 USD

Fast Food For Sale  •  4,633 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 4,633 SF
  • Lot Size 2.27 AC
  • Building Class C
  • Year Built 1989
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning HS
0 Transit Score
66 Walk Score

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

Property Flyers

Cap Rate: 5.50 %

Amenities

  • Drive Thru
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 61
Type: Surface
Included in Rent: Yes
Michael Tamir 646-921-9713 Matthews Real Estate Investment Services
Michael Tamir 646-921-9713 Matthews Real Estate Investment Services