Investment Property

3550 S Hoyt Ave, Muncie, Indiana 47302

  • Property Subtypes Office Showroom , Mixed Use
  • Building Size (RSF) 8,000 SF
  • Building Status Existing
  • Sale Price $440,000.00 Total
  • Unit Price $55 per SF
  • Property Use Type Net Leased (NNN)InvestmentBusiness
  • Class of Space N/A
  • Total Land Size 2.87 Acres
  • Sale Terms Sale/Leaseback
  • Cap Rate 8.2
  • Last Updated 4/23/2019
  • Days on Market 613 Days
  • Status active

Overview / Comments

This is an investment property leased to a publicly traded company. In addition to the net leased property, there exists additional development land to the rear of the property. Buyer could build additional building on the rear land. Modified net lease (a portion of the taxes on the rear land are paid by owner). Five year lease currently around $3000.00 per month and increasing to $3,130.06. Five year option in lease at market rent.

Agent Notes

Purchase is subject to tenant rights under terms of the lease. Arrangements for qualified buyers to view interior of the property need to be made through the listing agent.

Attachments & Media

Additional Details

  • Tax ID/APN 181129152005000002
  • Property Visibility N/A
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 1994-01-01 00:00:00

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