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Red Lobster 223 W Mcgalliard Rd 6,641 SF Retail Building Muncie, IN 47303 $3,350,587 CAD ($504.53 CAD/SF) 7% Cap Rate
Investment Highlights
- Long-Term NNN Lease
- Established National Tenant
- Dominant Retail Corridor
- Annual Rental Increases
- Strong Regional Draw
- Excellent Traffic Exposure
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,641 SF
Building Class
C
Year Built
2008
Price
$3,350,587 CAD
Price Per SF
$504.53 CAD
Cap Rate
7%
NOI
$234,542 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.59 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-11-04-277-004.000-003 | Improvements Assessment | $1,129,018 CAD |
| Land Assessment | $1,011,535 CAD | Total Assessment | $2,140,553 CAD |
Property Taxes
Parcel Number
18-11-04-277-004.000-003
Land Assessment
$1,011,535 CAD
Improvements Assessment
$1,129,018 CAD
Total Assessment
$2,140,553 CAD
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Red Lobster | 223 W Mcgalliard Rd
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