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Red Lobster 223 W Mcgalliard Rd 6,641 SF Retail Building Muncie, IN 47303 $2,384,250 ($359.02/SF) 7% Cap Rate
Investment Highlights
- Long-Term NNN Lease
- Established National Tenant
- Dominant Retail Corridor
- Annual Rental Increases
- Strong Regional Draw
- Excellent Traffic Exposure
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,641 SF
Building Class
C
Year Built
2008
Price
$2,384,250
Price Per SF
$359.02
Cap Rate
7%
NOI
$166,898
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.59 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-11-04-277-004.000-003 | Improvements Assessment | $803,400 |
| Land Assessment | $719,800 | Total Assessment | $1,523,200 |
Property Taxes
Parcel Number
18-11-04-277-004.000-003
Land Assessment
$719,800
Improvements Assessment
$803,400
Total Assessment
$1,523,200
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