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701 N Meridian St
Portland, IN 47371
Arby's · Retail Property For Sale
Investment Highlights
- Absolute Net Lease - Zero Landlord Responsibilities.
- Phenomenal Store Sales Performance - Subject Site Operating at a 5% Rent to Sales Ratio.
- Tenant Underwent Complete Interior/Exterior Remodel in 2018 - New Prototypical Format.
- Brand New Lease Extension - Tenant Has Represented a Strong Commitment to the Location.
- 1.50% Annual Rental Increases to Hedge Against Inflation.
- Hard Corner Main on Main - N Meridian St & E Votaw St Combine For Over 21,900 VPD+/-.
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,633 SF
Building Class
C
Year Built/Renovated
1989/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.27 AC
Zoning
HS - Highway Service District
Parking
61 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $653,300 | |
| Land Assessment | $221,900 | Total Assessment | $875,200 |
Property Taxes
Parcel Numbers
Land Assessment
$221,900
Improvements Assessment
$653,300
Total Assessment
$875,200
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