2001 S Madison St - Freestanding FOR SALE


Muncie, IN 47302- South Muncie
$695,000 USD
765-808-1400
2001 S Madison St, Muncie, IN for Sale
$695,000 USD
Freestanding - FOR SALE
1/14
null | 7.25% Cap Rate

2001 S Madison St
Muncie, IN 47302
South Muncie


HIGHLIGHTS

  • Net Lease new 5 year Extension
  • Low Price Point
  • Stable Indiana location

OVERVIEW

Well located Advanced Auto Net Leased property in Muncie IN. 7000 square foot building built for Advanced Auto. Recent lease extension for five years. 7.25 Cap rate on rents of $50,400 per year. Well maintained building with plenty of parking. Located just south of CVS and Walgreens in a strong retail corridor.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,800 SF

ZONING

-

APN/PARCEL ID

18-11-22-108-009.000-003

ASK ABOUT THIS PROPERTY

Brian AllardtColdwell Banker Commercial --Real Estate GroupMore Info
765-808-1400

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Brian AllardtColdwell Banker Commercial --Real Estate GroupMore Info
765-808-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.