Log In/Sign Up
Your email has been sent.
Advance Auto Parts 2001 S Madison St 7,000 SF Retail Building Muncie, IN 47302 $695,000 ($99.29/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease new 5 year Extension
- Stable Indiana location
- Low Price Point
EXECUTIVE SUMMARY
Well located Advanced Auto Net Leased property in Muncie IN. 7000 square foot building built for Advanced Auto. Tenant recently signed a lease extension for five years and then in restructuring the corporation closed several hundred locations including this site. Lease is still active and tenant paying despite the property being "dark". 7.25 Cap rate on rents of $50,400 per year. Well maintained building with plenty of parking. Located just south of CVS and Walgreens in a strong retail corridor.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
1988
Price
$695,000
Price Per SF
$99.29
Cap Rate
7.25%
NOI
$50,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.68 AC
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-11-22-108-009.000-003 | Improvements Assessment | $146,400 |
| Land Assessment | $152,000 | Total Assessment | $298,400 |
PROPERTY TAXES
Parcel Number
18-11-22-108-009.000-003
Land Assessment
$152,000
Improvements Assessment
$146,400
Total Assessment
$298,400
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Advance Auto Parts | 2001 S Madison St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.