705 N Meridian St, Portland, IN 47371 For Sale

Property 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.

● Strong Unit-Level Performance: The store reports approximately $1.8 million in

annual sales and provides sales reporting, distinguishing it as a top-performing

Arby's location.

● 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.