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1450 N Meridian St
Portland, IN 47371
Scooter's Coffee - Portland, IN · Retail Property For Sale

Investment Highlights

  • 20-Year Absolute Triple Net lease With Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
  • This Property is Ideally Situated Off North Meridian Street Which Sees Over 13,000 Vehicles Per Day
  • They Operate 900+ Locations Across 30 Different States
  • Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
  • Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years
  • Nearby Tenants Include: Tractor Supply, Pizza Hut, Taco Bell, Burger King, O'Reilly Auto Parts, CVS, Advance Auto Parts and Super Wash

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
684 SF
Building Class
C
Year Built
1954
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.42 AC
Zoning
Commercial

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 38-07-17-401-010.003-034
  • 38-07-17-401-010.004-034
Land Assessment
$119,500
Improvements Assessment
$47,500
Total Assessment
$167,000
  • Listing ID: 35359894

  • Date on Market: 4/3/2025

  • Last Updated:

  • Address: 1450 N Meridian St, Portland, IN 47371

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