308 Tillotson AveMuncie, IN 47304

Property Details for 308 Tillotson Ave

Year built

1995

Lot size

0.33 AC

Property type

Commercial real estate

APN

18-11-17-127-012.000-003

APU

181117127012000003

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,160,924

  Hospitality

  $1,979,395

  Educational

  $1,646,833

  Medical

  $1,703,470

  Retail

  $2,561,741

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.1917

Longitude

-85.4188

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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