1016 S Tillotson Ave
Muncie, IN 47304
Advance Auto | 20 yr op history | Low Rent · Retail Property For Sale

Illuminate Real Estate is proud to present this seasoned, 7,000 square foot, freestanding Advance Auto Parts situated on 1.143 acres and located in Muncie, IN. The subject property was built in 1999 and currently boasts a 19+ year operating history at this location. This proven location benefits from a low rent and an established track record within the Advance store network. With the latest extension there are approximately 4.75 years of term remaining. Combined with multiple renewals over the life of the lease, this most recent extension will showcase an operating history of just over 25 years by the time the tenant reaches its next opportunity to extend. There are currently an additional (2) 5-year renewal options in place with 5% rental increases in each option. The lease is Advance’s prototypical double-net form lease. The site is conveniently located at the signalized intersection of the S. Tillotson Overpass and S. Tillotson Ave. and is surrounded by national retailers including: Chase Bank, Taco Bell, Arby’s, KFC, Starbucks Coffee, McDonald’s, Walgreens and CVS Pharmacy to name a few. Other noteworthy economic drivers include Indiana University Health, Ball Memorial Hospital located approximately 1 mile to the north, as well as the campus of Ball State University and it’s ~23,000 students/faculty which is located just 1 mile north of the subject property. Tillotson Overpass is a critical connective roadway permitting commuters from the north and south to overcome the natural barriers to entry that include the White River and the New York Central System rail line. Further, the bridge over the White River was just rebuilt and expanded, which will improve traffic flows and traffic count by the store. The subject property, at this intersection is trafficked by 34,616 (combined) vehicles per day. Immediate area population density is excellent with over 85,000 people within a 3 mile radius (when including the students and faculty of Ball State University). Average HH incomes within a 1 mile radius of the property are in excess of $57,000. Muncie, IN is the county seat of Delaware County, Indiana and is located just 62 miles from Indianapolis’ central business district.