4801 E Jackson St - Retail FOR SALE


Muncie, IN 47303- North Muncie | 
$4,175,000 USD
480-221-4221
4801 E Jackson St, Muncie, IN for Sale
$4,175,000 USD
Retail - FOR SALE
1/9
null | 5.15% Cap Rate

4801 E Jackson St
Muncie, IN 47303
North Muncie


HIGHLIGHTS

  • New 20-Year Lease | Corporate Guaranty | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized Hard Corner Intersection | Ball State University
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased Wawa investment property located in Muncie, Indiana. The tenant, Wawa, recently signed a brand new 20-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Wawa is one of America’s largest private companies with over 1,200 locations. Wawa is actively expanding across the Midwest with plans for 70 locations in Indiana and an expected investment of $7.5 million per location, underscoring the brand’s commitment to the region.

FOR SALE DETAILS

PRICE

$4,175,000 USD

PRICE/SF

$705 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa | New 20yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

4.63 AC

LAND SF

201,683 SF

ZONING

Variety Business Zone

APN/PARCEL ID

18-11-13-226-013.000-003

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.