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Wendy’s | Muncie (S Madison St.), IN 2501 S Madison St 2,768 SF Retail Building Muncie, IN 47302 $4,258,952 CAD ($1,538.64 CAD/SF) 5.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Over Nineteen (19.6) Years Remaining - NNN Lease
- Experienced ~50 Unit Operator – Wendy’s Hall of Famer
- Adjacent to Honeywell Manufacturing Site
- Above Average Sales – Long Term Operational History
- 10% Rental Increases – 4-5 Year Options
- 65 Mins from Indianapolis – 9 Mins from Ball State University
PROPERTY FACTS
AMENITIES
- Corner Lot
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-11-22-161-003.000-003 | Improvements Assessment | $307,551 CAD |
| Land Assessment | $282,603 CAD | Total Assessment | $590,153 CAD |
PROPERTY TAXES
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Wendy’s | Muncie (S Madison St.), IN | 2501 S Madison St
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