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Arby’s 701 N Meridian St 4,633 SF Retail Building Portland, IN 47371 $1,712,855 ($369.71/SF) 5.50% Cap Rate

Retail Spaces Indiana Portland 701 N Meridian St, Portland, IN 47371

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Investment Highlights

  • Absolute NNN Lease with Corporate Guarantee: Backed by Arby’s Restaurant Group, Inc., the lease offers passive ownership
  • Rare 1.5% Annual Rent Escalations: Annual rental increases enhance yield and provide a hedge against inflation
  • Established Operating History: Arby’s has occupied the site since 1997, demonstrating long-term operational success
  • Long-Term Lease Term with ±11 Years Remaining: Lease extends through December 31, 2036, providing stable, predictable cash flow for over a decade.
  • Attractive Pricing and Cap Rate: Offered at $1,712,855 with a 5.50% capitalization rate, supported by strong tenant performance and corporate credit.
  • Modern 2018 Construction to Current Prototype: Redeveloped in 2018 to align with Arby’s “Inspire” design

Executive Summary

Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Attachments

Arby's - Portland, IN - OM 2 (2) (4)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,633 SF
Building Class
C
Year Built
1989
Price
$1,712,855
Price Per SF
$369.71
Cap Rate
5.50%
NOI
$94,207
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
166’ on N Meridian St

Amenities

  • Drive Thru
  • Air Conditioning

Links

1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Nearby Major Retailers

First Financial Bank
Scooter's Coffee
First Merchants Bank
Ponderosa Steakhouse
Rent-A-Center
Buffalo Wings & Rings

Property Taxes

Parcel Numbers
Multiple
  • 38-07-16-303-058.000-034
  • 38-07-16-303-058.001-034
 Improvements Assessment $653,300
Land Assessment $221,900 Total Assessment $875,200

Property Taxes

Parcel Numbers
Multiple
  • 38-07-16-303-058.000-034
  • 38-07-16-303-058.001-034
Land Assessment
$221,900
Improvements Assessment
$653,300
Total Assessment
$875,200
(646) 921-9713

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 38743224

  • Date on Market: 12/11/2025

  • Last Updated:

  • Address: 701 N Meridian St, Portland, IN 47371

The Retail Property at 701 N Meridian St, Portland, IN 47371 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

NEARBY LISTINGS

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Arby’s | 701 N Meridian St
(646) 921-9713 x

Arby’s | 701 N Meridian St

Michael Tamir
(646) 921-9713

Kevin Puder
(562) 841-1789

Chad Kurz
(949) 662-2252

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