Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire or lease a former US Renal Care building, which features 6,160 SF of single-story space. The tenant, National Renal Alliance, LLC, will occupy this building through November 2022 and will vacate thereafter, providing an excellent opportunity for potential upside through re-lease or for new development. This asset is ideally situated within a variety business zone, providing a wide range of residential, office, and commercial uses. The property is built to accommodate a healthcare-oriented tenant; however, can be easily converted to suit any retail tenant, making this an excellent location for a wide variety of businesses.

The site is strategically located near the signalized, hard corner intersection of N. Granville Avenue and E. McGalliard Road, averaging 27,400 vehicles passing by daily. The property is less than 2 miles west of State Highway 35 (16,900VPD), a major north/south thoroughfare for the city of Muncie. The asset is ideally positioned in a dense retail corridor and within close proximity to several shopping centers including Muncie Mall (650,000 SF), Northwest Plaza (238,000 SF), Muncie Marketplace (78,000 VPD), increasing consumer draw and traffic to the trade area. Nearby national/credit tenants include, Target, ALDI, T.J. Maxx, Aaron’s, Staples, and more. The property is also within 5-miles of the two largest employers in Muncie: Ball State University (3,400+ employees), a public higher education institution with 21,998 students enrolled; and IU Health Ball Memorial Hospital (3,000+ employees), a 336-bed hospital, providing a direct consumer base to draw from. The 5-mile trade is supported by a population of more than 82,000 residents with an average household income of $56,579.

Highlights

• NNN Lease Guarantees Zero Landlord Responsibilities
• Lease Features Attractive 2.25% Rent Bumps Annually
• Proven Facility has Been Operating Successfully for 10 Years

Documents

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