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NNN Family Dollar Property
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1900 North Walnut Street, Muncie, IN 47303

Family Dollar occupies the property under a new five-year lease with extension options.

Property Size48,304 SF
Days on Market3

Property Features for 1900 North Walnut Street

General Information

Standard status Active
Size 48,304 SF
Property subtype Retail
Net Operating Income $100,000

Building Details

Tenancy Single
Listing Agency:
Listed By: Scott Wise
Source: Cbre
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 6:16AM

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 Scott Wise

Investment Insights

Based on property information with market context.

This NNN property is leased to Family Dollar under a new five-year term, with three additional five-year options. Each option includes a 12% rent increase. The property is located near Ball State University and approximately 0.7 miles from McGalliard Road.

Key Highlights

  • New five‑year Family Dollar lease
  • Three additional five‑year renewal options
  • 12% increase with each renewal option

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Storage Facility Law Firm (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby
30k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 53% Groceries 47%
Fresh Thyme Market Groceries
13,832 visits/mo 0.5 miles
Dollar General Shops & Services
6,324 visits/mo 0.5 miles
BP Shops & Services
4,501 visits/mo 0.5 miles
Family Dollar Shops & Services
3,819 visits/mo 0.1 miles
Storage Express Shops & Services
1,223 visits/mo 0.5 miles

Demographics for 47303, IN

24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Family Dollar occupies the property under a new five-year lease with extension options.
Where is this nnn property located?
The property is located at 1900 North Walnut Street Muncie, IN.
What are key features of this property?
This property features: New five‑year Family Dollar lease; Three additional five‑year renewal options; 12% increase with each renewal option
More about this property
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