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Burger King 3904 W Bethel Ave 1,400 SF Retail Building Muncie, IN 47304 $2,093,880 CAD ($1,495.63 CAD/SF) 7.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – 20-Year Term with Zero Landlord Responsibilities
- Recent Remodel Complete
- Surrounded by Major Retail Centers – Bethel Pike Shopping Center and Muncie Mall
- Operated by Bethel Ave Inc
- Strategic Location – Positioned Along W Bethel Ave with High Visibility
- Convenient Access to Major Highways – Indiana State Road 332 (McGalliard Road) and Indiana State Road 67
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to acquire a Burger King
located in the established retail corridor of Muncie, Indiana. The property is leased
to Bethel Ave Inc, a seasoned regional operator, under a 20-year Absolute NNN
lease that commenced in August 2013 and runs through August 2033. The lease
features no landlord responsibilities and two, 5-year options.
Strategically positioned along W Bethel Avenue, the site benefits from excellent
visibility, strong frontage, and ease of ingress and egress. The property is
surrounded by a robust mix of national retailers and established shopping centers,
including Bethel Pike Shopping Center and Muncie Mall, contributing to a strong
and consistent consumer base. Additionally, the property offers convenient access
to major highways, including Indiana State Road 332 (McGalliard Road) which
carries over 20,000 vehicles per day and Indiana State Road 67, enhancing
connectivity to the broader region.
located in the established retail corridor of Muncie, Indiana. The property is leased
to Bethel Ave Inc, a seasoned regional operator, under a 20-year Absolute NNN
lease that commenced in August 2013 and runs through August 2033. The lease
features no landlord responsibilities and two, 5-year options.
Strategically positioned along W Bethel Avenue, the site benefits from excellent
visibility, strong frontage, and ease of ingress and egress. The property is
surrounded by a robust mix of national retailers and established shopping centers,
including Bethel Pike Shopping Center and Muncie Mall, contributing to a strong
and consistent consumer base. Additionally, the property offers convenient access
to major highways, including Indiana State Road 332 (McGalliard Road) which
carries over 20,000 vehicles per day and Indiana State Road 67, enhancing
connectivity to the broader region.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,400 SF
Building Class
C
Year Built
1996
Price
$2,093,880 CAD
Price Per SF
$1,495.63 CAD
Cap Rate
7.49%
NOI
$156,848 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.86 AC
Parking
55 Spaces (39.29 Spaces per 1,000 SF Leased)
Frontage
177’ on W Bethel Ave
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-07-31-400-018.000-003 | Improvements Assessment | $428,532 CAD |
| Land Assessment | $264,114 CAD | Total Assessment | $692,646 CAD |
PROPERTY TAXES
Parcel Number
18-07-31-400-018.000-003
Land Assessment
$264,114 CAD
Improvements Assessment
$428,532 CAD
Total Assessment
$692,646 CAD
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Burger King | 3904 W Bethel Ave
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