Jimmy Johns Gourmet Sandwiches 506 N Martin Ave 4,500 SF 100% Leased Retail Building Muncie, IN 47303 $2,499,999 ($555.56/SF) 3.21% Cap Rate

Prime location less than 100 feet from Ball State University's main entrance. Features include national tenant Jimmy Johns long term lease with increases through 2036, large upstairs 3BR 2BA luxury student housing apartment leased through July 22 2027. Included in the sale is partial ownership of parking lot behind property. Surrounded by Ball State University's $450M+ revitalization program including a new theatre (1 block), Center for Innovation and Collaboration (next door), 17 new attached townhomes (1 block) and additional student housing developments (next to theatre). Adjacent corner property (1612-1624 W University Ave.) including 5 retail spaces with national tenants including Insomnia Cookies and Wild Side Smoke Shop can be purchased for an additional $2.1M. I am the owner, I am not a realtor and I have no partners. Serious inquiries only.