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Views: 165 DOM: 206 Updated: 10.28.24 Posted: 04.23.24 Status: Active

Summary

Price $770,000
Built/Renov 1996
Tenant Affordable Dentures & Implants
Cap Rate 6.66%
Lease Type NN+
Guarantor Corporate
Size/SF 2,871
Lease Start 06-30-1996
#Units 425
Price/SF $268.20
Expiration 12-31-2029
Tenant Type Medical/Health
NOI $51,247
R. Term 5.1
Ownership Fee Simple
Rent/SF $17.85
Increases 8.0%/5/yrs
Pop 5Mi 30,048
Lot/AC 0.75
Options 2/5yrs/8%
AHHI 5Mi $60,374

Lease Highlights

  • Affordable Dentures & Implants has been operating in this location since 1996
  • The tenant has 5+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 8% rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Affordable Dentures & Implants is strategically located on Route 332, with access to 19,314 vehicles passing by daily. The property's prime location includes close proximity to the Muncie VA Clinic and the Islamic Center of Muncie. Furthermore, it is surrounded by well-known national retailers such as AutoZone, Goodwill, Walmart, Walgreens, Taco Bell, and more. Additionally, Ball State...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Affordable Care, LLC, doing business as Affordable Dentures & Implants, is considered the leading healthcare company exclusively focused on tooth replacement solutions. The company was founded in...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,495 44,013 74,023
2023 Total Population : 5,625 44,451 74,607
2023 Employed Civilian Pop : 2,727 21,555 35,126
2023 Total Businesses : 273 1,366 2,719
2023 Average Household Income : $ 65,940 $ 74,480 $ 69,312
2023 Total Consumer Spending : $ 145 M $ 1125 M $ 1827 M
2023 Median Age : 34 29 33
2023 Total Households : 2,549 17,314 30,095
2023 Pop Age 25+: Bachelor's Degree : 953 5,612 8,345
2023 Average Home Value : $ 175,778 $ 175,419 $ 155,770
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West McGalliard Road N Nebo Rd 2021 18,898 0.07 mi
W McGalliard Rd 300 W 2017 19,057 0.08 mi
300 W W McGalliard Rd 2017 16,347 0.15 mi
300 W W Hessler Rd 2015 17,752 0.16 mi
North Morrison Road W Keller Rd 2021 9,316 0.20 mi
W McGalliard Rd 300 W 2010 22,560 0.29 mi
West Bethel Avenue N Morrison Rd 2018 13,613 0.37 mi
West Bethel Avenue W Bethel Ave 2021 7,400 0.37 mi
W Baker Ln N Allison Rd 2016 5,013 0.39 mi
W McGalliard Rd N Nebo Rd 2010 19,330 0.43 mi

Listing Broker

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