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980 N Meridian St
Portland, IN 47371

$2,230,000 USD

Freestanding For Sale  •  2,713 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,713 SF
  • Lot Size 0.46 AC
  • Year Built 2022
  • Cap Rate 6.55 %
0 Transit Score
61 Walk Score

Highlights

Just Reduced!! Multiple 10% Rental Increases, Offering Continual Income Growth & Taking the CAP Rate to 7.21% by Year 2027 and 7.93% CAP in Year 2032
Newer Medical (2022) Construction, State-of-the-Art Fast Pace Urgent Care Location: Long-Term, NNN Lease with Approx. 13.5 Years of Term Remaining
No Daily Management Responsibilities: Tenant Responsible for All Daily Management, Real Estate Taxes and Insurance
Corporately Backed, Single-Tenant Location with Sought-After Well-Known National Tenant (275+ Current Locations in 6 States)
Highly Visible Signage" Excellent Frontage & High Traffic (17,155+ Vehicles/Day) Surrounding Property at Main Intersection of Two Main Thoroughfares
Growing City: Ideal Demographics with Avg. Household Incomes of Approx. $83,000 Within a 10-Mile Radius

Property Flyers

Cap Rate: 6.55 %

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Security System
  • Signage
  • Signalized Intersection
  • Monument Signage
Daniel Cooper 440-915-7902 Cooper Commercial Investment Group
Daniel Cooper 440-915-7902 Cooper Commercial Investment Group