Remodeled Convenience
For Sale
Contact for pricing
1308 Madison Street, Muncie, IN 47302
Dollar General occupies a remodeled retail building under an existing long-term lease.
Property SizeContact for details
Days on Market143
Property Features for 1308 Madison Street
General Information
Standard status
Active
Property subtype
Retail, Industrial, Special Purpose
Listing Agency:
RE/MAX Real Estate Associates
(812) 235-4433
Listed By:
Dave Cash · License #IN RB14017104
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 3:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Associates
Investment Insights
Based on property information with market context.
This grocery and convenience store property is occupied by Dollar General in a building remodeled in 2018. The lease has 2.9 years remaining on its current 10-year term, followed by a 4/5-year option that includes a 10% rent increase.
The property is located at 1308 Madison Street in Muncie, Indiana. The landlord remains responsible for the roof structure, and the lease carries an 8.25% cap rate.
The property is located at 1308 Madison Street in Muncie, Indiana. The landlord remains responsible for the roof structure, and the lease carries an 8.25% cap rate.
Key Highlights
- Dollar General location at 1308 Madison Street, Muncie, IN 47302
- Building remodeled in 2018
- 2.9 years remaining on current 10‑year lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Hotels & Casinos 20%
Shops & Services 12%
McDonald's
Dining
23,291 visits/mo
0.5 miles
Courtyard Muncie At Horizon Convention Center
Hotels & Casinos
8,366 visits/mo
0.5 miles
Rally's
Dining
5,247 visits/mo
0.4 miles
Dollar General
Shops & Services
5,147 visits/mo
0.1 miles
Demographics for 47302, IN
25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Dollar General occupies a remodeled retail building under an existing long-term lease.
Where is this grocery and convenience store located?
The property is located at 1308 Madison Street Muncie, IN.
What are key features of this property?
This property features: Dollar General location at 1308 Madison Street, Muncie, IN 47302; Building remodeled in 2018; 2.9 years remaining on current 10‑year lease
