809 W McGalliard Rd · Muncie, IN 47303 · QSR / Restaurant
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+/-1.5+ years remain on this 20 year initial term NNN lease with 1.5% annual increases and four 5 year options. Tenant is Brinker International, Inc. (NYSE: EAT, www.Brinker.com), one of the world’s leading casual dining restaurant companies and the home of Chili’s® Grill & Bar and Maggiano’s Little Italy®. Brinker owns, operates and/or franchises more than 1,600 restaurants in 29 countries and two U.S. territories. Current property owners have enjoyed 18 years of unblemished full lease performance since their 2008 purchase. In late 2019, Brinker acquired the +/-70 Chili's unit operator at this Chili's location in Muncie, Indiana. Brinker retains this within their owned portfolio indicating strong confidence in this specific location's long term performance. Located on West McGalliard Road (31,077 VPD), a main commercial thoroughfare in Muncie among many restaurants serving the 84K+ population within 5 miles of surrounding residences and employment centers. Outstanding location for casual dining: Ball State University's 20K+ students & staff are only ~1.5 miles away. IU Health Ball Memorial Hospital is ~2.5 miles away. Located between a Walmart Supercenter 2.5 miles west and the Muncie Mall 1 mile east.
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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.