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1450 N Meridian St Portland, IN 47371

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For Sale
$1,440,000

Corporate guaranteed NNN lease with scheduled rental increases.

Property size:
684 SF
Lot size:
0.43 Acres

Property Features for 1450 N Meridian St

General Information

Size
684 SF
Lot size
0.43 Acres

Source: Sands Investment Group (SIG) - Corporate Agent Jack Liberatore

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Scooter’s Coffee NNN Investment

This 684-square-foot Scooter’s Coffee property is available for sale. It features a corporate-guaranteed absolute triple net (NNN) lease, meaning zero landlord responsibilities. A new 20-year lease will commence upon the close of escrow, which includes 10% rental increases every 5 years. The property is located off North Meridian Street in Portland, IN, which sees over 13,000 vehicles per day. Nearby tenants include Tractor Supply, Pizza Hut, Taco Bell, Burger King, O’Reilly Auto Parts, CVS, Advance Auto Parts and Super Wash. Scooter’s Coffee was founded in 1988 in Bellevue, Nebraska, and has been in business for more than 20 years. They operate 900+ locations across 30 different states.
Insight Report Location Intelligence

Current Use by Public Records

Coffee shops

Suggested Use

Realty agency Law Firm Building Supply Gym & Fitness Auto Repair Shop Daycare Center Hotel & Motel HVAC Service Auto Parts Store Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Scooter's Coffee

Location Insight

  • Map
  • Local Demand
City
Portland
County
Jay
State
Indiana
Longitude
-84.978076
Latitude
40.417147

FAQs

What type of property is this?
Coffee shop - Corporate guaranteed NNN lease with scheduled rental increases.
Where is this coffee shop located?
The property is located at 1450 N Meridian St Portland, IN.
What is the asking price?
The asking price for this property is $1,440,000.
What are key features of this property?
This property features: - Corporate Guaranteed Absolute Triple Net (NNN) Investment With Zero Landlord Responsibilities.; - **20-Year Lease With 10% Increases Every 5 Years.**; - Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth.
More about this property
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