Listing Agency: Encore Real Estate Investment Services d***@encorereis.com Show Phone

Listed By: Deno Bistolarides · License #6502378067

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 11:37PM

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Investment Insights

Based on property information with market context.

This retail property is associated with Arby's and includes a newly extended lease with the tenant. The property is located at 701 N Meridian St in Portland, Indiana.

Key Highlights

• Arby's retail property
• Newly extended tenant lease
• 701 N Meridian St, Portland, IN 47371

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

Explore this area Business Placement

Demographics for 47371, IN

12,143

Population

5,458

Households

2.2

Avg Household Size

41

Median Age

15%

College-Educated

85%

High-School Grad

219.6 sq mi

ZIP Area

55

Density / Sq Mi

$59,215

Median Household Income

$38,031

Median Earnings

$746

Median Rent

$116,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - A newly extended lease provides continued occupancy by the property’s tenant.

Where is this retail space located?

The property is located at 701 N Meridian St Portland, IN.

What are key features of this property?

This property features: Arby's retail property; Newly extended tenant lease; 701 N Meridian St, Portland, IN 47371