215 S Walnut St Muncie, IN 47305

Listing agency ADM Commercial Real Estate m***@sturgisbeaty.com Show Phone

Listed by Mark Sturgis (765) 749-0665 · License #IN RB14034183

Source Crexi

Added: Apr 10 Updated: Jul 20 at 4:43PM Checked: Jul 21 at 5:29AM

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Investment Insights

Based on property information with market context.

The offering includes Heorot and the adjacent Valhalla Music Hall & Beer Garden buildings, both of which are being made available in a combined sale-and-leaseback arrangement.

The owner intends to sell the properties and lease them back for a one-year term at $30,000, paid up front upon closing. The lease also includes the right to two (2) additional one-year renewal options at the same rental amount.

This structure provides an operator with near-term continuity while transferring ownership, with the option to extend the lease through the two renewal terms.

Key Highlights

• Two adjacent entertainment venues (Heorot and Valhalla Music Hall & Beer Garden) available for sale
• One‑year sell‑and‑leaseback agreement offered
• Lease rent is $30,000, paid up front at closing

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FAQs

What type of property is this?

Theater & concert hall - Two adjacent entertainment venues are available for sale with a one-year sell-and-leaseback agreement and renewal options.

Where is this theater & concert hall located?

The property is located at 215 S Walnut St Muncie, IN.

What are key features of this property?

This property features: Two adjacent entertainment venues (Heorot and Valhalla Music Hall & Beer Garden) available for sale; One‑year sell‑and‑leaseback agreement offered; Lease rent is $30,000, paid up front at closing