3164 S Western Ave - Storefront FOR SALE


Marion, IN 46953
$4,017,000 USD
630-368-8609
3164 S Western Ave, Marion, IN for Sale
$4,017,000 USD
Storefront - FOR SALE
1/8
null | 8.25% Cap Rate

3164 S Western Ave
Marion, IN 46953


HIGHLIGHTS

  • Value-Add Opportunity: Valley View Plaza is 87.1% occupied, with 4,800 square feet of shop space available to lease up.
  • Impressive National Tenant Line-Up with Dedication to Site: 93% of the center is occupied by national tenants
  • Traffic Generating Shadow Anchor & Nearby National Retailers
  • Prime location along the bustling Western Avenue, which sees a significant daily flow of 24,007 vehicles passing per day
  • New ownership will enjoy benefiting from Indiana’s low property tax expense.

OVERVIEW

Qualified investors are extended the opportunity to acquire Valley View Plaza, a 37,193-square-foot shopping center located in a prime retail corridor serving the suburb of Marion, Indiana. The Property is conveniently situated along Western Avenue, and shadow anchored by Walmart. Valley View Plaza is positioned between Fort Wayne and Indianapolis in Marion, Indiana, a suburb in Grant County. Additionally, the county is home to Wesleyan University and Marion General Hospital. Furthermore, the Fort Wayne International Airport is conveniently situated 45 minutes northeast of Marion. Valley View Plaza is 87.1% occupied, presenting a value-add opportunity to drive NOI by leasing up the 4,800 square feet of vacancy. The Property is leased to a mix of national tenants including Goodwill, Dollar Tree, and CATO. The Property is located along the Western Avenue retail corridor in Marion, the dominant retail hub the trade area. The submarket is anchored by many national retailers including Meijer, Hobby Lobby, TJ Maxx, Lowe’s Home Improvement, R.P. Home & Harvest, and more.

FOR SALE DETAILS

PRICE

$4,017,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley View Plaza | Dollar Tree Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

183

LAND DETAILS

LAND ACRES

4.71 AC

LAND SF

205,168 SF

ZONING

-

APN/PARCEL ID

27-06-13-800-007.005-008

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.