Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale the SRT Prosthetic & Orthotics Healthcare Center, a net-leased medical office building located in Muncie, Indian, less than one mile from Ball State University. The offering is a passive real estate investment for an incoming investor as the tenant is directly responsible for administering the majority of building maintenance, payment of property taxes & reimbursement to landlord for building insurance. SRT has occupied the subject property since 2016 and has +/-2.5 years of firm lease term remaining with one five-year renewal option thereafter. SRT is a highly specialized healthcare company with one of the few Upper Extremity Teams for prosthetic arm and hand devices within the Midwest. SRT offers a wide variety of custom and off the shelf orthotic options for patients, all of which can be fit, modified and delivered on site at the Subject Property. The property is located along W Bethel Avenue, the main corridor that connects Ball State University to Muncie’s main retail corridor (McGalliard Road). McGalliard Road is filled with national retailers and robust hotel, multifamily and office building properties. The subject property is a unique opportunity for an investor seeking a healthcare net-leased asset at a low price point in a market with strong economic drivers. The property is positioned in a dynamic, growing professional and retail district, directly in the heart of Muncie, Indiana.