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Shopping Strip

South Western Plaza

3409 S Western Ave, Marion, IN 46953

Listing Price: $600,000

Cap Rate
6.07%
Gross SF
7,140
Rentable SF
7,140
Price/Gross SF
$84.03
Lot Size
0.36 acres
Year Built
1988

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.

Investment Highlights

  • 52.5 Percent Occupied Multi-Tenant Retail Center
  • True Value-Add Opportunity
  • Positioned between Meijer and Walmart, Directly Across from Tractor Supply

Exclusively Listed By

Shopping Strip

South Western Plaza

Listing Price: $600,000

Cap Rate
6.07%
Gross SF
7,140
Rentable SF
7,140
Price/Gross SF
$84.03
Lot Size
0.36 acres
Year Built
1988

Investment Highlights

  • 52.5 Percent Occupied Multi-Tenant Retail Center
  • True Value-Add Opportunity
  • Positioned between Meijer and Walmart, Directly Across from Tractor Supply

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.

Exclusively Listed By

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