Built in 1977, this one-story commercial retail building offers 9,046+/- sf of usable area. The retail area includes approximately 7,552 sf and the warehouse area with restrooms and office occupy approximately 1,494 sf. The property is situated on 0.86+/- ac, which is located in the northeast quadrant of the Memorial and Burlington Drive intersection.
Details
Memorial Drive is a four-lane, east/west thoroughfare and Burlington Drive is a two-lane, northwest/southeast thoroughfare. The property is also conveniently located approximately one-half mile west of the Muncie Bypass, which provides access to the immediate and surrounding smaller areas.
Family Dollar has occupied the property since March 1999. A five-year NNN lease extension was executed, with the extension commencing on January 1, 2009. Family Dollar is a Fortune 400 company with 6,600 stores from Maine to Arizona. The property is adjoined with Marsh Hometown Market, making this center a convenient one-stop shop for the surrounding residential subdivisions.
Deed Restrictions: RX and RX Parking, please refer to the appropriate section in the Property Information Package for more detail.
Note: A Buyer’s Premium will apply for this property. Please see Terms of Sale for details.
To receive the property information package, please complete, sign, and return the
confidentiality and non-reliance agreement to Williams & Williams.
View auction schedule for all sales
Directions From Your Location
Reference
210786 00-1336-KS-JM/12-2009
Broker Licences
1800 S. Burlington Drive Muncie, IN 47302
A PART OF THE SOUTHWEST QUARTER (SW1/4) OF SECTION THIRTEEN (13), TOWNSHIP
TWENTY (20) NORTH, RANGE TEN (10) EAST, MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO-WIT:-
BEGINNING AT A POINT WHICH POINT IS ESTABLISHED AS FOLLOWS. BEGINNING AT THE SOUTHWEST
CORNER OF SAID SOUTHWEST QUARTER (SW1/4) SAID POINT BEING IN THE CENTER LINE OF 12TH STREET
AND RUNNING THENCE EAST ON THE SOUTH LINE OF SAID SOUTHWEST QUARTER (SW1/4) AND THE CENTER
LINE OF SAID 12TH STREET THREE HUNDRED EIGHTY-EIGHT AND FIFTY-FIVE HUNDREDTHS (388.55) FEET TO
THE CENTER LINE OF BURLINGTON DRIVE; THENCE DEFLECTING TO THE LEFT ONE HUNDRED THIRTEEN
DEGREES THIRTY-TWO MINUTES (113°32') AND RUNNING NORTHWESTERLY ON THE CENTER LINE OF SAID
BURLINGTON DRIVE FIFTY-ONE AND TWENTY-SIX HUNDREDTHS (51.26) FEET; THENCE DEFLECTING TO THE
RIGHT ONE HUNDRED NINE DEGREES THREE MINUTES (109°03') AND RUNNING EASTERLY FORTY-TWO AND
THIRTY-TWO HUNDREDTHS (42.32) FEET TO A POINT IN THE EASTERLY RIGHT-OF-WAY LINE OF SAID
BURLINGTON DRIVE; THENCE DEFLECTING TO THE LEFT ONE HUNDRED NINE DEGREES THREE MINUTES
(109°03') AND RUNNING NORTHWESTERLY ON THE EASTERLY RIGHT-OF-WAY LINE OF SAID BURLINGTON
DRIVE TWO HUNDRED THIRTY-ONE AND THIRTY THREE HUNDREDTHS (231.33) FEET TO THE POINT OF
BEGINNING OF THE TRACT HEREAFTER DESCRIBED; THENCE CONTINUING NORTHWESTERLY ON SAID RIGHTOF-
WAY LINE SIXTY-THREE AND SIXTY-SEVEN HUNDREDTHS (63.67) FEET; THENCE DEFLECTING TO THE
RIGHT NINETY DEGREES ZERO MINUTES (90°00') AND RUNNING NORTHEASTERLY SIX HUNDRED TEN AND
FIFTY-SEVEN HUNDREDTHS (610.57) FEET; THENCE DEFLECTING TO THE RIGHT NINETY DEGREES ZERO
MINUTES (90°00') AND RUNNING SOUTHEASTERLY FORTY-NINE AND SIXTY-SEVEN HUNDREDTHS (49.67)
FEET; THENCE DEFLECTING TO THE RIGHT NINETY DEGREES ZERO MINUTES (90°00') AND RUNNING
SOUTHWESTERLY ONE HUNDRED SIX AND ELEVEN HUNDREDTHS (106.11) FEET; THENCE DEFLECTING TO THE
LEFT NINETY DEGREES ZERO MINUTES (90°00') AND RUNNING SOUTHEASTERLY SEVENTEEN AND SEVENTYFIVE
HUNDREDTHS (17.75) FEET; THENCE DEFLECTING TO THE RIGHT NINETY DEGREES ZERO MINUTES
(90°00') AND RUNNING SOUTHWESTERLY EIGHTEEN AND FORTY-EIGHT HUNDREDTHS (18.48) FEET; THENCE
DEFLECTING TO THE RIGHT NINETY DEGREES ZERO MINUTES (90°00') AND RUNNING NORTHWESTERLY
THREE AND SEVENTY-FIVE HUNDREDTHS (3.75) FEET; THENCE DEFLECTING TO THE LEFT NINETY DEGREES
ZERO MINUTES (90°00') AND RUNNING SOUTHWESTERLY FOUR HUNDRED EIGHTY-FIVE AND NINETY EIGHT
HUNDREDS (485.98) FEET TO THE POINT OF BEGINNING, CONTAINING 0.860 ACRES, MORE OR LESS.
1800 S. Burlington Drive Muncie, IN 47302
Each high bidder must make a 10% ($2,500 MINIMUM - whichever is greater) non-refundable deposit per property immediately following auction. Cash, cashier's checks, and personal checks (electronically processed) are accepted.
Seller shall have 7 business days to approve the high bid.
CLOSING SHALL TAKE PLACE ON OR BEFORE 30 DAYS FROM SELLERS ACCEPTANCE DATE.
A 3% Buyers premium will apply to this property .
BUYER ACKNOWLEDGES AND UNDERSTANDS THAT PROPERTY HEREIN LIES IN A FLOOD PLAIN.
BUYER ACKNOWLEDGES AND UNDERSTANDS THAT THIS PROPERTY IS BEING SOLD SUBJECT TO EXISTING LEASES. BUYER AGREES AND UNDERSTANDS THAT THEY WILL ASSUME THE SELLER'S ROLE AS LANDLORD AND WILL BE RESPONSIBLE FOR COMPLIANCE WITH THE TERMS OF SAID LEASE AGREEMENTS WITH EXISTING TENANTS. COPIES OF SAID LEASE AGREEMENTS WILL BE PROVIDED TO BUYER PRIOR TO CLOSE. THE SELLER'S RIGHTS AND RESPONSIBILITIES PURSUANT TO SAID LEASES WILL BE TRANSFERRED TO BUYER WITH TITLE TO THE PROPERTY AT THE CLOSE OF SAID TRANSACTION.
IN AUC LIC AU01038202 JACK LOWDERMAN AUCTIONEER
AUC LIC AU10100022 MONTE W. LOWDERMAN AUCTIONEER
AUC LIC AU09200068 KEVIN WENDT AUCTIONEER
AUC LIC AU01031153 JAMES M. BIRDWELL AUCTIONEER
AUC LIC AU10000266 EDDIE BURKS AUCTIONEER
AUC LIC AU1002702 THOMAS L. WILLIAMS AUCTIONEER
AUC LIC AU08900131 JERRY KING AUCTIONEER
AUC LIC AU10700022 JOSEPH MAST AUCTIONEER
W&W AUC LIC AC30400023