308 Tillotson AveMuncie, IN 47304

For Sale
$1,635,500

High-yield QSR Net Lease; 19+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 529-square-foot, single-tenant, absolute NNN leased 7 Brew Coffee property located at 308 S Tillotson Ave, Muncie, IN 47304. Built in 2023, this drive-thru location boasts a 20-year lease commencing February 2024, with over 19 years remaining and rare 1% annual rent increases, providing significant rent growth and inflation protection. The lease is guaranteed by 7Venture, Inc., 7 Brew's largest franchisee, operating 40+ locations across seven states and planning substantial future expansion. Situated less than a mile from Ball State University (enrollment exceeding 20,440 students) and 0.6 miles from IU Health Ball Memorial Hospital, this property benefits from a dense demographic area with over 86,000 residents within a 5-mile radius and a daytime population exceeding 102,000. The property sits on a 0.32-acre lot and generates a strong NOI of $108,832, representing a 6.65% cap rate at an asking price of $1,635,500 ($205.73/sq ft). The property's strategic location near major traffic drivers and other established businesses ensures consistent high traffic and visibility. This is a rare opportunity to acquire a high-performing, low-maintenance investment with substantial long-term growth potential. The property features a single story building and is part of a thriving commercial area.

Highlights

  • $1,635,500 asking price for a 529 SF retail property.
  • Absolute NNN lease with zero landlord responsibilities.
  • 2023-built 7 Brew drive-thru, 20-year lease commenced February 2024, with over 19 years remaining.
  • Rare 1% annual rent increases.
  • 7Venture, Inc. (7 Brew's largest franchisee with 40+ locations) is the tenant, with significant growth plans.
  • Located less than one mile from Ball State University (20,440+ students).

Property Details for 308 Tillotson Ave

Property type
Other retail properties, Restaurants
Square Feet
529 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
13,939 SF
Units
1

Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.191679
Longitude
-85.418792
308 Tillotson Ave, Muncie, Indiana

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308 Tillotson Ave
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