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Wendy’s | Muncie (S Madison St.), IN 2501 S Madison St 2,768 SF Retail Building Muncie, IN 47302 $2,769,000 ($1,000.36/SF) 6.50% Cap Rate
Investment Highlights
- Over Nineteen (19.6) Years Remaining - NNN Lease
- Experienced ~50 Unit Operator – Wendy’s Hall of Famer
- Adjacent to Honeywell Manufacturing Site
- Above Average Sales – Long Term Operational History
- 10% Rental Increases – 4-5 Year Options
- 65 Mins from Indianapolis – 9 Mins from Ball State University
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,768 SF
Building Class
C
Year Built/Renovated
1978/2005
Price
$2,769,000
Price Per SF
$1,000.36
Cap Rate
6.50%
NOI
$179,985
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.77 AC
Zoning
Intense Industrial Zone - Intense Industrial Zone
Frontage
Amenities
- Corner Lot
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Wendy's began in 1969 when Dave Thomas opened the first location in Columbus, Ohio. The chain became known for its square hamburger patties and signature Frosty desserts. Over time, Wendy's expanded internationally through franchising. Today, the restaurant operates thousands of locations worldwide while maintaining its focus on quick-service fast food. Wendy's continues building its global presence through both company-owned and franchised restaurant models.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-11-22-161-003.000-003 | Improvements Assessment | $300,400 |
| Land Assessment | $200,500 | Total Assessment | $500,900 |
Property Taxes
Parcel Number
18-11-22-161-003.000-003
Land Assessment
$200,500
Improvements Assessment
$300,400
Total Assessment
$500,900
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Videos
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Photos
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Map
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Wendy’s | Muncie (S Madison St.), IN | 2501 S Madison St
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