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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
Amenities
- Corner Lot
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy's began as a single hamburger restaurant and grew into a franchise-based quick-service chain. The company serves a menu centered on square hamburgers made with fresh beef, along with chicken sandwiches, salads, chili, baked potatoes, breakfast items, and the Frosty dessert. Wendy's operates through company-owned and franchised restaurants and uses a system that extends across a broad international footprint. The business remains focused on restaurant operations, menu development, and franchising as part of The Wendy's Company.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
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
Presented by
Wendy’s | Muncie (S Madison St.), IN | 2501 S Madison St
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