809 Mcgalliard Rd Muncie, IN 47303

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.