2001 S Madison St Muncie, IN 47302

Property Details for 2001 S Madison St

Year built

1988

Construction

TYPE NOT SPECIFIED

Lot size

0.68 lot acres

Property size

7,000 SF

Property type

Outlet malls

APN

18-11-22-108-009.000-003

APU

181122108009000003

Description

This exceptional investment opportunity presents a well-maintained, 7,000 square foot commercial building situated on a 0.68-acre lot at 2001 S Madison Street in Muncie, Indiana. Currently leased to Advanced Auto Parts under a recently extended five-year lease, this property offers a secure and stable income stream. The building was specifically constructed for Advanced Auto Parts, ensuring a functional and efficient layout perfectly suited to their operations. Annual rental income totals $50,400, generating a compelling 7.25 cap rate, representing a strong return on investment. The property boasts ample parking, a significant advantage for both the tenant and potential future occupants. Its strategic location in a thriving retail corridor, just south of established businesses like CVS and Walgreens, guarantees high visibility and accessibility. This prime commercial property is an ideal addition to any diversified investment portfolio, offering a blend of stability, strong returns, and excellent long-term potential. The building's excellent condition and the tenant's long-term commitment minimize risk and maximize the potential for consistent cash flow. This is a rare opportunity to acquire a high-performing, net-leased property in a desirable location. The property's size, location, and current lease terms make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable addition to their holdings.

Location Insight

City

Muncie

County

Delaware

State

Indiana

Longitude

-85.382

Latitude

40.1771

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments