For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

809 Mcgalliard Rd Muncie, IN 47303

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

High-yield NNN lease, strong tenant.

Property size:
5,312 SF

Property Features for 809 Mcgalliard Rd

General Information

Property type
Restaurants
Square Feet
5,312 SF
Lot Size
66,211 SF

Building Details

Stories
1

We can help!

Listing Contact
David Propach
David Propach

Listing Agency: But Simple, Inc. Listing Agent: David Propach

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional investment opportunity presents a 5,312 square foot Chili's Grill & Bar restaurant located at 809 W McGalliard Rd, Muncie, IN 47303. The property sits on a 1.52-acre lot and boasts 120 parking spaces, ensuring ample customer convenience. Currently operating under a Net Lease (NNN) agreement with Brinker International, Inc., this property offers a compelling 6.35% cap rate based on a Net Operating Income (NOI) of $221,775. The lease, with a remaining term of approximately 2.9 years, includes 1.5% annual rent bumps and four five-year renewal options, all with identical terms. The tenant, a leading casual dining company, has demonstrated exceptional performance, experiencing zero rent loss during the COVID-19 pandemic. This location benefits from its prime position on a major commercial thoroughfare (29,000+ vehicles per day) within a densely populated area (75,000+ residents within 3 miles), and its proximity to Ball State University (1.5 miles) and IU Health Ball Memorial Hospital (2.5 miles). The property's strategic location between a Walmart Supercenter and the Muncie Mall further enhances its appeal. This is a rare opportunity to acquire a stable, high-performing investment with significant long-term potential. The asking price is $3,495,000. The single-story building is situated on two parcels of land.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

It's Just Wings Restaurant Chili's Grill & Bar Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Muncie
County
Delaware
State
Indiana
Longitude
-85.3958333
Latitude
40.2184473

FAQs

What type of property is this?
Restaurant - High-yield NNN lease, strong tenant.
Where is this restaurant located?
The property is located at 809 Mcgalliard Rd Muncie, IN.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 6.35% Cap Rate.; NNN lease with 2.9 years remaining (expires 10/31/2027), followed by four 5-year options.; 1.5% annual rent increases.
(408) 202-7125 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message