308 Tillotson Ave Muncie, IN 47304-4357
Property profile & analytics
308 Tillotson Ave Muncie, IN 47304-4357
- Commercial real estate
- 0.33 lot acres
Property ID
US31-2383960
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 7 Brew Coffee / Cafe & Coffee Shop
Property Details for 308 Tillotson Ave
- Year built
- 1995
- Lot size
- 0.33 lot acres
- Property type
- Commercial real estate
- APN
- 18-11-17-127-012.000-003
- APU
- 181117127012000003
Description
This exceptional investment opportunity presents a 529-square-foot, single-tenant, absolute NNN leased 7 Brew Coffee property located at 308 S Tillotson Ave, Muncie, IN 47304. Built in 2023, this drive-thru location boasts a 20-year lease commencing February 2024, with over 19 years remaining and rare 1% annual rent increases, providing significant rent growth and inflation protection. The lease is guaranteed by 7Venture, Inc., 7 Brew's largest franchisee, operating 40+ locations across seven states and planning substantial future expansion. Situated less than a mile from Ball State University (enrollment exceeding 20,440 students) and 0.6 miles from IU Health Ball Memorial Hospital, this property benefits from a dense demographic area with over 86,000 residents within a 5-mile radius and a daytime population exceeding 102,000. The property sits on a 0.32-acre lot and generates a strong NOI of $108,832, representing a 6.65% cap rate at an asking price of $1,635,500 ($205.73/sq ft). The property's strategic location near major traffic drivers and other established businesses ensures consistent high traffic and visibility. This is a rare opportunity to acquire a high-performing, low-maintenance investment with substantial long-term growth potential. The property features a single story building and is part of a thriving commercial area.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.4188
- Latitude
- 40.1917
- CBSA code
- 34620
- CBSA name
- MUNCIE, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,629
$51,300
$3,000
$54,300
-
$51,300
$3,000
$54,300
