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701 N Meridian St
Portland, IN 47371
Arby’s · Retail Property For Sale
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
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
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
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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