Investment Overview

Marcus & Millichap is pleased to present for your acquisition review South Western Plaza in Marion, Indiana. The South Western Plaza is a 7,140 square foot shopping center located at 3409 S. Western Ave, directly across from Tractor Supply Company, sandwiched between Walmart to the North and Meijer to the South. The strip benefits from the 24,007 vehicles that drive by each day. Owners can expect that traffic for years to come as the VA’s Northern Indiana Hospital is 3 miles away. 2 miles to the South opens up to Indiana Wesleyan University’s 345 acre campus, home to more than 3,165 students on site. Marion and the surrounding area are well diversified with employers which include IWU, Ball State (22,000 students), Marion Hospital, VA Northern Indiana Hospital, and General Motors. In 2022, GM announced a $491 million investment to expand the Marion Metal Stamping Plant that already employees 750 people. Driving the market will show the Shoppes are located on the path of progress. Investors can enjoy a predictable, passive income with the NNN leases already in place requiring minimal landlord responsibility. The positive economic outlook for Marion, along with the high traffic counts should increase the probability of tenants’ long-term commitment to the complex on top of their already low rents. The tenant lineup and massive upside from the 47.5% vacancy make the South Western Plaza a perfect investment opportunity for owners looking for the rare strip center with genuine upside.