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701 W Memorial Dr 100 SF of Retail Space Available in Muncie, IN 47302
Sublease Highlights
- ±0.70-acre parcel with fuel infrastructure in place
- Low-overhead, small-format building (±100–150 SF)
- High-visibility location along W Memorial Dr
- Significant upside with active management and site improvements
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 100 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Positioned along a well-traveled corridor in Muncie, 701 West Memorial Drive presents a unique opportunity for an operator looking for an affordable entry point into the fuel and convenience space. Situated on approximately 0.70 acres, this site features an existing gas station with canopy and pumps already in place, along with a very small retail structure (±100–150 SF). While the building footprint is minimal, the layout allows for efficient operations or potential repositioning for a drive-thru focused concept, kiosk model, or simplified fuel-only operation. The property has experienced inconsistent performance, particularly during winter months, and ownership has been largely absentee—creating a clear value-add opportunity for a hands-on operator to improve appearance, management, and profitability. The current owner is seeking to sublease the property after acquiring it as part of a larger transaction and is motivated to structure a deal.
- Sublease space available from current tenant
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- ±0.70acre parcel with fuel infrastructure in place
- High-visibility location along W Memorial Dr
- Low-overhead, small-format building (±100–150 SF)
- Sublease opportunity with flexible terms
- Opportunity to reposition or rebrand
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 701 W Memorial Dr, Muncie, IN 47302
- Tenant
- Description
- US Locations
- Reach
- Admiral
- Convenience Market
- 146
- Regional
| Tenant | Description | US Locations | Reach |
| Admiral | Convenience Market | 146 | Regional |
Property Facts
| Total Space Available | 100 SF | Gross Leasable Area | 750 SF |
| Property Type | Retail | Year Built | 1983 |
| Property Subtype | Service Station |
| Total Space Available | 100 SF |
| Property Type | Retail |
| Property Subtype | Service Station |
| Gross Leasable Area | 750 SF |
| Year Built | 1983 |
About the Property
Positioned along a well-traveled corridor in Muncie, 701 West Memorial Drive presents a unique opportunity for an operator looking for an affordable entry point into the fuel and convenience space. Situated on approximately 0.70 acres, this site features an existing gas station with canopy and pumps already in place, along with a very small retail structure (±100–150 SF). While the building footprint is minimal, the layout allows for efficient operations or potential repositioning for a drive-thru focused concept, kiosk model, or simplified fuel-only operation. The property has experienced inconsistent performance, particularly during winter months, and ownership has been largely absentee—creating a clear value-add opportunity for a hands-on operator to improve appearance, management, and profitability. The current owner is seeking to sublease the property after acquiring it as part of a larger transaction and is motivated to structure a deal.
- 24 Hour Access
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
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701 W Memorial Dr
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