811 West McGalliard Road

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811 West McGalliard Road

Muncie, IN 47303
Asking Price
$1.30M
Asset Type
Shopping Center Retail
Class
Class B

What's Special

Fully Vacant 14,982 SF Retail Center on Muncie's Primary Corridor — 34,357 AADT | Value-Add or Owner <ul><li>​Fully vacant 14,982 SF strip center, 5 flexible suites (720–6,525 SF)</li><li>​2025 façade refresh + ~$300K interior reno; suites white-boxed for immediate occupancy</li><li>​W McGalliard frontage — 34,357 AADT; N Wheeling Ave 24,048 AADT</li><li>​69 spaces (4.61/1,000 SF) on 0.99 AC</li><li>​Northern Muncie retail vacancy just 3.5% (CoStar)</li><li>​Pro forma stabilized rent $163,951 / 12.1% unleveraged stabilized yield on basis</li><li>​Value-add or owner-user; vacant delivery enables

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NOI
$80,000
Cap Rate
6.15%
DSCR
1.04
Tight
Cash-on-Cash
0.72%
Monthly Payment
$6,431.691
Annual Cash Flow
$2,819.712

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