3300 N Chadam Ln | Muncie, IN 47304
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3300 N Chadam Ln
Muncie, IN 47304
IHOP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE – There are zero landlord responsibilities or expenses, providing 100% passive income to the landlord.
- EXCELLENT RETAIL SYNERGY – The property is located in a major retail corridor with many national brands nearby such as Lowe’s & Walmart
- STRATEGICALLY LOCATED – The IHOP property is strategically located off N Chadam Ln and W McGalliard Rd
- ROBUST STORE PERFORMANCE – This IHOP location is ranked in the 97th Percentile nationwide for visits and is the 2nd most visited IHOP location
- STRONG GUARANTEE – The lease is backed by Romulus Inc. which is a top franchisee in the IHOP system with over 100 units
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.43 AC
Zoning
B+2
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 18-07-31-400-017.000-003 | Improvements Assessment | $689,200 |
| Land Assessment | $560,600 | Total Assessment | $1,249,800 |
PROPERTY TAXES
Parcel Number
18-07-31-400-017.000-003
Land Assessment
$560,600
Improvements Assessment
$689,200
Total Assessment
$1,249,800
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