Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1450 N Meridian St Portland, IN 47371

    Loading data...
    Loading data...
    Loading data...
    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

    Nearby Similar for Sale

    • $299,900
      1.87 Acres

      Bowling Alley Business Opportunity

      Commercial property and bowling business in high-traffic Portland, Indiana area.
      1616 N Meridian St, Portland, IN 47371
      View Details
    • $599,900
      Pending

      Industrial Property Near Manufacturing Facilities

      Well-located industrial property suitable for various applications near key industries.
      2301 W 125 S, Portland, IN 47371
      View Details
    • $2,230,000
      2,713 SF

      Newer Medical Construction For Sale

      State-of-the-art urgent care location with long-term NNN lease.
      989 N Meridian St, Portland, IN 47371
      View Details
    • $1,706,960
      14,656 SF

      Retail Building Near Walmart

      Single-story retail building with national and local tenants.
      1013 West Votaw St, Portland, IN 47371
      View Details
    • $4,400,000

      Industrial Property with Modern Warehouse

      Modern industrial property featuring a clear span warehouse and office space.
      1000 N Morton St, Portland, IN 47371
      View Details
    • $1,634,900
      3.30 Acres

      Portland Industrial Business for Sale

      Established industrial maintenance company with strong revenue.
      2301 125, Portland, IN 47371
      View Details

    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.
    (844) 474-4666
    Request Owner's contact information
    1450 N Meridian St Portland, IN 47371
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1450 N Meridian St
    Portland, IN 47371
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1450 N Meridian St Portland, IN 47371
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.