Grocery Store
Ruler Foods | 3+ Years Remain | Indianapolis, IN MSA | Low & Replicable Rent Rate
3500 N Morrison Rd, Muncie, IN 47304
Listing Price: $1,535,714
Investment Overview
The Tenant, Kroger, Co., exercised a contract option in 2021, providing lease term through June 2026 with two, five-year options remaining. This recent extension is a supporting confirmation to geofencing data from Placer.ai, which ranks this location 5th nationally with 231.4 thousand annual customer visits. The Offering is part of Morrison Crossing Shopping Center which includes Ashley Furniture, PetSmart, and various outparcels. Ruler Foods has operated here successfully since 2013, and has completed minor renovations to the store. Ruler Foods is a discount warehouse store grocery chain, owned and operated by Kroger, with 50 locations across Illinois, Indiana, Ohio, Kentucky, Missouri, and Tennessee.
Ruler Foods | 3+ Years Remain | Indianapolis, IN MSA | Low & Replicable Rent Rate
Investment Highlights
- County Seat Location and Home To Ball State University with 21,600+ Students
- Corporate Lease with Kroger, the Country's Largest Supermarket Chain
- Recent Contract Renewal Indicates Tenant's Success at this Location
Grocery Store
Ruler Foods | 3+ Years Remain | Indianapolis, IN MSA | Low & Replicable Rent Rate
Listing Price: $1,535,714
Investment Highlights
- County Seat Location and Home To Ball State University with 21,600+ Students
- Corporate Lease with Kroger, the Country's Largest Supermarket Chain
- Recent Contract Renewal Indicates Tenant's Success at this Location
Investment Overview
The Tenant, Kroger, Co., exercised a contract option in 2021, providing lease term through June 2026 with two, five-year options remaining. This recent extension is a supporting confirmation to geofencing data from Placer.ai, which ranks this location 5th nationally with 231.4 thousand annual customer visits. The Offering is part of Morrison Crossing Shopping Center which includes Ashley Furniture, PetSmart, and various outparcels. Ruler Foods has operated here successfully since 2013, and has completed minor renovations to the store. Ruler Foods is a discount warehouse store grocery chain, owned and operated by Kroger, with 50 locations across Illinois, Indiana, Ohio, Kentucky, Missouri, and Tennessee.
