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980 N Meridian St
Portland, IN 47371

$2,230,000 USD

Freestanding For Sale  •  2,713 SF

Property Details

• Property Type Freestanding
• Total Building Size 2,713 SF
• Lot Size 0.46 AC
• Building Class C
• Year Built 2022
• Tenancy Single
• Zoning c

0 Transit Score

60 Walk Score

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 2032.

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.

Amenities

• 24 Hour Access
• Bus Line
• Corner Lot
• Pylon Sign
• Security System
• Signage
• Signalized Intersection
• Monument Signage
• Air Conditioning