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Absolute NNN Walgreens

$6,174,000

3250 N Morrison Rd, Muncie, IN 47304

Active
Last Updated: 03/19/2021

6

Cap Rate

370,440

NOI

Details:
Cap Rate:    6%
NOI:    $370,440
Building Size:    14,820 sqft
Lot Area:    1.01 acres
Occupancy:    100%
Units:    1
Year Built:    2007
Highlights:
  • NNN Lease Structure | Zero Landlord Responsibilities
  • Corporate Backed Guarantee | S&P “BBB”
  • Scheumann Stadium (Formerly Known as Ball State Stadium) is 1.5 Miles Away from Subject Property
  • Ball State University is 2.5 Miles Away from Subject Property
  • Essential Retailer
  • Long Term Occupancy At Subject Location | 14+ Year Occupancy
  • Drive-Through Equipped Site
  • Multiple Points of Ingress & Egress
  • Population Within a 5 Mile Radius is 79,000 +
  • Average Household Income Within a 1 mile Radius $63,000 +
  • Across the Road from a Walmart Super Center that Draws from Roughly a 10 Mile Radius
  • Strong Retail Corridor, Surrounded By Many National Retailers Such as: Walmart, Lowes, Menards, Meijer, Ruler Foods, PetSmart, AutoZone, Best Buy, Rural King & Many More.
Description:

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Muncie is an incorporated city and the seat of Delaware County, Indiana. It is located in East Central Indiana, about 50 miles (80 km) northeast of Indianapolis. The United States Census for 2010 reported the city's population was 70,085. It is the principal city of the Muncie metropolitan statistical area, which has a population of 117,671.

The Lenape (Delaware) people, who arrived in the area in the 1790s, founded several small villages, including one known as Munsee Town, along the White River. The small trading post, renamed Muncietown, was selected as the Delaware County seat and platted in 1827. Its name was officially shortened to Muncie in 1845 and incorporated as a city in 1865. Muncie developed as a manufacturing and industrial center, especially after the Indiana gas boom of the 1880s. It is home to Ball State University. As a result of the Middletown studies, sociological research that was first conducted in the 1920s, Muncie is said to be one of the most studied United States cities of its size.

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