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705 N Meridian St, Portland, IN, 47371

Arby’s
$1,712,855

Key Information

Cap Rate
5.5%
$ per SF
$369
Tot. SF
4,633
Year Built
R2018
Term Remaining
±11 YRS
Type
Retail
NOI
$94,207

Highlights

  • Absolute NNN Lease with Corporate Guarantee: Backed by Arby’s Restaurant Group, Inc., the lease offers passive ownership with no landlord responsibilities and the security of a corporate guarantee
  • Long-Term Lease Term with ±11 Years Remaining: Lease extends through December 31, 2036, providing stable, predictable cash flow for over a decade.
  • Rare 1.5% Annual Rent Escalations: Annual rental increases enhance yield and provide a hedge against inflation — a notable feature rarely seen in QSR absolute NNN leases.
  • Attractive Pricing and Cap Rate: Offered at $1,712,855 with a 5.50% capitalization rate, supported by strong tenant performance and corporate credit.
  • Established Operating History: Arby’s has occupied the site since 1997, demonstrating long-term operational success; the property underwent a full redevelopment in 2018.
  • Modern 2018 Construction to Current Prototype: Redeveloped in 2018 to align with Arby’s “Inspire” design, ensuring conformity with current brand standards and operational efficiency.
  • Generous ±2.27 AC Parcel in Prime Retail Corridor: Strategically positioned along North Meridian Street with ±10,400 vehicles per day (VPD), offering high visibility and strong consumer traffic.
  • Fee Simple Ownership: The asset is offered as fee simple, providing complete ownership of both land and improvements with no ground lease encumbrance.
  • Extensive Option Periods with Built-In Rent Growth: Ten (10) five-year renewal options, each with 1.5% annual rent increases, support long-term income growth and future upside potential.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203