Red Lobster Triple-Net
223 W McGalliard Rd Muncie, IN 47303
For Sale
Contact for pricing
Single-tenant Red Lobster on an absolute triple-net lease with 16.15 years remaining on the base term.
Property Size6,641 SF
Lot Size1.59 Acres
Days on Market105
Property Features for 223 W McGalliard Rd
General Information
- Standard status
- Active
- Size
- 6,641 SF
- Lot size
- 1.59 Acres
- Property subtype
- Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 9:07AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
NNN Pro Group presents an exclusive sale offering for a Red Lobster restaurant property in Muncie, Indiana. The site includes approximately 6,641 rentable square feet of building space on an estimated 1.59-acre parcel.
The property is subject to a 25-year absolute triple-net (NNN) lease, with 16.15 years remaining on the base term. Rent was listed as $171,569 as of 8/1/23, with scheduled 2% annual increases throughout the base term and in each of the 4, 5-year renewal options. The address is 223 W McGalliard Rd, Muncie, IN 47303.
The property is subject to a 25-year absolute triple-net (NNN) lease, with 16.15 years remaining on the base term. Rent was listed as $171,569 as of 8/1/23, with scheduled 2% annual increases throughout the base term and in each of the 4, 5-year renewal options. The address is 223 W McGalliard Rd, Muncie, IN 47303.
Key Highlights
- Single‑tenant Red Lobster in Muncie, Indiana with 6,641 rentable SF on an estimated 1.59‑acre parcel
- 25‑year absolute triple‑net (NNN) lease with 16.15 years remaining on the base term
- Current rent as of 8/1/23 is $171,569
Property Analytics
Location Intelligence
Current Use by Public Records
Wendy's
Restaurant
Red Lobster
Restaurant
Sean & Sons Electricians
Electrical Service
FAQs
What type of property is this?
NNN property - Single-tenant Red Lobster on an absolute triple-net lease with 16.15 years remaining on the base term.
Where is this nnn property located?
The property is located at 223 W McGalliard Rd Muncie, IN.
What are key features of this property?
This property features: Single‑tenant Red Lobster in Muncie, Indiana with 6,641 rentable SF on an estimated 1.59‑acre parcel; 25‑year absolute triple‑net (NNN) lease with 16.15 years remaining on the base term; Current rent as of 8/1/23 is $171,569
