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505 W McGalliard Rd
Muncie, IN 47303
Fresh Thyme Market · Retail Property For Sale
Investment Highlights
- Four Midwest Assets: Available Individually or as a Portfolio
- Meijer Subsidiary - Midwestern Grocer
- Minimal Landlord Responsibilities
- Long-Term Leases
- 3 of 4 Locations Have Upcoming 10% Bump
- Below Replacement Cost
Executive Summary
Midwest Fresh Thyme Portfolio is a four-asset, net-leased investment opportunity totaling 115,222 SF with a 5.9-year WALT, available individually or as a portfolio. The properties are leased to a Meijer subsidiary, a leading Midwestern grocer, and feature long-term leases with minimal landlord responsibilities. Three of the four locations have an upcoming 10% rent bump. The assets are located in prime, highly visible locations and are offered below replacement cost.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
28,709 SF
Building Class
B
Year Built
2018
Price
$9,135,000
Price Per SF
$318.19
Cap Rate
7.15%
NOI
$653,130
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.91 AC
Zoning
BV Variety Business
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 18-11-04-254-004.000-003 | Improvements Assessment | $0 |
| Land Assessment | $6,500 | Total Assessment | $6,500 |
Property Taxes
Parcel Number
18-11-04-254-004.000-003
Land Assessment
$6,500
Improvements Assessment
$0
Total Assessment
$6,500
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