5081 Hessler Rd, Muncie, IN 47304
2,871 SF | Retail Building | Muncie, IN 47304 | $770,000 ($268/SF) | 6.66% Cap Rate
For Sale
Active
Asking Price $770,000
- Property Type
-
Retail
- Square Feet
- 2,871 SF
- Price / Square Foot
- $268
Listing Contacts
Brad Teitelbaum
Austin Coll
Property Overview
Bellagio Real Estate Partners, LLC is pleased to present an investment opportunity
to acquire a single tenant Affordable Dentures in Muncie, IN. Affordable Dentures
has approximately 28 years of historical occupancy and just extended their lease
for an additional 5 year lease term. The property is strategically positioned along
Route 332, the main East-West corridor on the north end of Muncie and leading
to I-69. Major surrounding retailers include: Walmart, Meijer, Goodwill, Menards,
Lowe’s, Rural King, Best Buyer, Walgreens and many others. The quality all-brick
construction combined with the low rent of less than $18/SF (Jan. 2025 rent) is not something
that can be replicated in today’s market. There are over 112,000 residents in the
surrounding area and the subject property is just minutes away from Ball State
University (almost 20,000 students).
to acquire a single tenant Affordable Dentures in Muncie, IN. Affordable Dentures
has approximately 28 years of historical occupancy and just extended their lease
for an additional 5 year lease term. The property is strategically positioned along
Route 332, the main East-West corridor on the north end of Muncie and leading
to I-69. Major surrounding retailers include: Walmart, Meijer, Goodwill, Menards,
Lowe’s, Rural King, Best Buyer, Walgreens and many others. The quality all-brick
construction combined with the low rent of less than $18/SF (Jan. 2025 rent) is not something
that can be replicated in today’s market. There are over 112,000 residents in the
surrounding area and the subject property is just minutes away from Ball State
University (almost 20,000 students).
Property Details
- Class
- C
- Year Built
- 1996
- Stories
- 1
- Lot Size (sq. ft)
- 32,670 SF
Highlights
- All-brick Construction (original tenant since 1996)
- Recently extended lease
- Very low rent level (less than $18/SF)
- Large lot size (0.75 acres) with significant parking (40 spaces)
- 49 year company history with almost 400 clinics
- Over 20,000 VPD along McGalliard (Rt 332) and surrounded by major retailers
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