809 W McGalliard Rd Muncie, IN 47303

This property is a NNN leased restaurant with over 2.5 years remaining on its initial 20-year term. The lease includes 1.5% annual increases and four 5-year options. The tenant is Brinker International, Inc. (NYSE: EAT, www.Brinker.com), a global casual dining company that owns, operates, and franchises over 1,600 restaurants in 29 countries and two U.S. territories, including Chili’s Grill & Bar and Maggiano’s Little Italy. The current owners have experienced 17 years of continuous lease performance since purchasing the property in 2008. In late 2019, Brinker acquired the Chili's unit operator at this location, retaining it within their owned portfolio. The property is located on West McGalliard Road, a commercial thoroughfare with a traffic volume of 29,755 vehicles per day. The surrounding area has a population of over 84,000 within a 5-mile radius, encompassing residences and employment centers. Ball State University, with over 20,000 students and staff, is approximately 1.5 miles away, and IU Health Ball Memorial Hospital, with 36,000 employees, is about 2.5 miles away. The property is situated between a Walmart Supercenter 2.5 miles to the west and the Muncie Mall 1 mile to the east. The building size is 5,312 square feet.