Subway - 2715 S. Madison, Muncie

Retail-Commercial for Sale
Catylist Listing ID: 30171540
Property Subtypes: Restaurant
Building Size (RSF): 1,800 SF
Gross Land Area: 0.55 Acres
Sale Price: $350,000
Unit Price: $194.44 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.47%
Last Updated: 11/28/2017

Overview / Comments

Berkshire Hathaway is pleased to offer a net lease investment opportunity located in Muncie, Indiana.

Subway is a privately held American fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. Subway is one of the fastest-growing franchises in the world and, as of June 2017, has approximately 45,000 stores located in more than 100 countries. More than half of the stores are located in the United States. It is the largest single-brand restaurant chain and the largest restaurant operator in the world.

The Subway Restaurant located at 2715 S. Madison Street in Muncie is located in area known as restaurant row. The restaurant building was built in 2011 by the current owner and has been operating at that location from inception. The restaurant has a brick façade,13 parking spaces and a drive-thru.

Muncie, Indiana is located 58 miles north of Indianapolis along I-69 in Delaware County has a city population of approximately 70,087, a county population of 117,671. The total daytime population with a 5 min. drive time of the Subway is 13,294, there is $8,783,179 spent on food away from home within this drive time.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $12,942 (Annual)
Net Operating Income $29,638 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-22-308-014.000-003
Zoning: MAJOR TRADING ZONE
Property Located Between: 18th & 25th Street
Property Visibility: Excellent
Year Built: 2011
Legal Description: SUB WAT AND PR TR 0.0000Acres STR: 222010 IN: 5-6-7-8 OUT:

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,168 55,948 85,778
Median Age: 37.17 34.49 35.98
Households: 4,230 21,007 34,008
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