5081 Hessler Rd, Muncie, IN 47304-8960

This single-tenant, 2,871 square foot storefront in Muncie, Indiana, presents a compelling investment opportunity. The property, located at 5081 Hessler Rd, boasts a 6.65% cap rate and a strong, long-term lease with Affordable Dentures, a tenant with a 28-year history at this location. The current lease, an NNN (Net Lease) agreement, extends through December 31, 2029, with two 5-year options at an 8% rent increase each. The building, constructed of all-brick, sits on a 0.75-acre lot with ample parking (40 spaces). The property benefits from high visibility on Route 332, a major east-west corridor, and proximity to significant retailers including Walmart, Meijer, and Menards. The low current rent of less than $18 per square foot (as of January 2025) provides significant upside potential. The tenant is responsible for parking lot maintenance, HVAC, and plumbing. The property's location near Ball State University (approximately 20,000 students) further enhances its appeal. This offering is ideal for 1031 exchange investors seeking a stable, high-yield investment with a proven tenant and significant remaining lease term. The asking price is $770,000, representing a price per square foot of $268.20. The property's NOI is $51,247.