Reduced! 15 Yr Fast Pace Health|2027 7.21% CA 980 N Meridian St 2,713 SF Retail Building Portland, IN 47371 $2,230,000 ($821.97/SF) 6.55% Cap Rate

Reduced Price! This newer medical construction (built in 2022) features a state-of-the-art, fast-paced urgent care facility under a long-term NNN lease with approximately 13.5 years remaining. The property offers multiple 10% rental increases, ensuring continual income growth and increasing the CAP rate to 7.21% by 2027 and 7.93% by 2032. With no daily management responsibilities, the tenant handles all operations, real estate taxes, and insurance. Backed by a well-known national corporation with over 275 locations across six states, this single-tenant medical necessity site is highly visible with excellent signage and frontage at the main intersection of Meridian and Votaw Streets in Portland, attracting over 17,155 vehicles per day. The growing city boasts ideal demographics, including average household incomes of approximately $83,000 within a 10-mile radius, and is in close proximity to IU Jay Hospital—a critical access facility employing 500 people—and the Indiana University Healthcare System, a regional leader with 38,000 employees. This low price point deal is perfect for 1031 buyers seeking an e-commerce and recession-resistant tenant in the urgent care industry, which is approaching $40 billion annually. The property is surrounded by rooftops, complementary medical users, retailers, restaurants, and schools, and benefits from a strong employment base including Tyson Foods (455 employees), FCC Indiana (750+ employees), Priority Plastics (140+ employees), Motherson Sumi Systems (350 employees), and ATI-Forged Products (150 employees). Its advantageous location offers easy commutes to Fort Wayne (50 miles), Dayton, OH (75 miles), and Indianapolis (90 miles), providing access to additional employment, major attractions, and airports. As the county seat with a cost of living below national and state averages, Portland is an extremely affordable and desirable place to live.