5081 W Hessler Rd
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5081 W Hessler Rd
2,871 SF Retail Building Muncie, IN 47304 £607,530 (£212/SF) 6.66% Net Initial Yield
Investment Highlights
- All-brick Construction (original tenant since 1996)
- Very low rent level (less than $18/SF)
- 49 year company history with almost 400 clinics
- Recently extended lease
- Large lot size (0.75 acres) with significant parking (40 spaces)
- Over 20,000 VPD along McGalliard (Rt 332) and surrounded by major retailers
Executive Summary
Bellagio Real Estate Partners, LLC is pleased to present an investment opportunity
to acquire a single tenant Affordable Dentures in Muncie, IN. Affordable Dentures
has approximately 28 years of historical occupancy and just extended their lease
for an additional 5 year lease term. The property is strategically positioned along
Route 332, the main East-West corridor on the north end of Muncie and leading
to I-69. Major surrounding retailers include: Walmart, Meijer, Goodwill, Menards,
Lowe’s, Rural King, Best Buyer, Walgreens and many others. The quality all-brick
construction combined with the low rent of less than $18/SF (Jan. 2025 rent) is not something
that can be replicated in today’s market. There are over 112,000 residents in the
surrounding area and the subject property is just minutes away from Ball State
University (almost 20,000 students).
to acquire a single tenant Affordable Dentures in Muncie, IN. Affordable Dentures
has approximately 28 years of historical occupancy and just extended their lease
for an additional 5 year lease term. The property is strategically positioned along
Route 332, the main East-West corridor on the north end of Muncie and leading
to I-69. Major surrounding retailers include: Walmart, Meijer, Goodwill, Menards,
Lowe’s, Rural King, Best Buyer, Walgreens and many others. The quality all-brick
construction combined with the low rent of less than $18/SF (Jan. 2025 rent) is not something
that can be replicated in today’s market. There are over 112,000 residents in the
surrounding area and the subject property is just minutes away from Ball State
University (almost 20,000 students).
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
2,871 SF
Building Class
C
Year Built
1996
Price
£607,530
Price Per SF
£212
Net Initial Yield
6.66%
NOI
£40,434
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.75 AC
Zoning
BV
Parking
40 Spaces (13.93 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 18-10-01-226-011.000-031 | Improvements Assessment | £158,747 |
| Land Assessment | £194,883 | Total Assessment | £353,630 |
PROPERTY TAXES
Parcel Number
18-10-01-226-011.000-031
Land Assessment
£194,883
Improvements Assessment
£158,747
Total Assessment
£353,630
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Brad Teitelbaum -
Austin Coll -
Connor Oke -
Bellagio Real Estate Partners LLC
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5081 W Hessler Rd
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