Shopping Strip
1229 - 1257 S. Main Street
1229 S Main St, Bryan, OH 43506
Starting Bid: $1,100,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive sale of the fee-simple interest in a retail strip center known as Walmart Plaza, located at 1229-1257 S. Main St., Bryan, OH, (the "Asset" or "Property") and shadow anchored by an adjacent Walmart Supercenter. This +/- 27,942-square-foot multi-tenant retail center sits on a large +/- 2.74-acre parcel in the dominate retail corridor of Bryan. The Asset is currently 84% occupied, with 7 tenants in place all on triple net lease structures, and anchored by Dollar Tree with other nationally recognized tenants including Cricket Wireless, GameStop, and Verizon.
The Property consists of ten (10) suites in total, with seven (7) suites currently occupied, representing an in-place occupancy of 84% and weighted average lease term (WALT) of +/- 3.9 years remaining from the existing tenants. The Asset is anchored by Dollar Tree, which has been at this location since 2011 and accounts for 30% of the rentable square feet. Dollar Tree just executed an early lease renewal, extending their lease expiration date from June 2027 to June 2032, underscoring their commitment to the Property. The strong in-place occupancy provides a future investor with solid income immediately, and an opportunity to enhance cash flow through lease up of the three (3) vacant suites.
Overall, this retail strip center provides a future investor with the ability to achieve strong and secure cashflows through a diverse rent roll, with a strong WALT of +/- 3.9 years and a significant anchor tenant in Dollar Tree. Additionally, offering is well positioned to achieve continued success in the market and trade area given its prominent location along Highway 127 and its proximity to Walmart.
1229 - 1257 S. Main Street
Investment Highlights
- Shadow-anchored by a Walmart Supercenter, providing a significant advantage to other retail options in the market by attracting consistent customer traffic and enhancing tenant visibility.
- This opportunity offers steady cash flow and net income through existing quality tenants, with immediate value-add opportunities by leasing the three vacant suites.
- Early lease renewal by Dollar Tree, whose lease wasn't set to expire until June 2027 originally, and now extended though June 2032, underscoring the Tenant's commitment and confidence in the location.
Starting Bid: $1,100,000
Investment Highlights
- Shadow-anchored by a Walmart Supercenter, providing a significant advantage to other retail options in the market by attracting consistent customer traffic and enhancing tenant visibility.
- This opportunity offers steady cash flow and net income through existing quality tenants, with immediate value-add opportunities by leasing the three vacant suites.
- Early lease renewal by Dollar Tree, whose lease wasn't set to expire until June 2027 originally, and now extended though June 2032, underscoring the Tenant's commitment and confidence in the location.
Investment Overview
Marcus & Millichap is pleased to present the exclusive sale of the fee-simple interest in a retail strip center known as Walmart Plaza, located at 1229-1257 S. Main St., Bryan, OH, (the "Asset" or "Property") and shadow anchored by an adjacent Walmart Supercenter. This +/- 27,942-square-foot multi-tenant retail center sits on a large +/- 2.74-acre parcel in the dominate retail corridor of Bryan. The Asset is currently 84% occupied, with 7 tenants in place all on triple net lease structures, and anchored by Dollar Tree with other nationally recognized tenants including Cricket Wireless, GameStop, and Verizon. The Property consists of ten (10) suites in total, with seven (7) suites currently occupied, representing an in-place occupancy of 84% and weighted average lease term (WALT) of +/- 3.9 years remaining from the existing tenants. The Asset is anchored by Dollar Tree, which has been at this location since 2011 and accounts for 30% of the rentable square feet. Dollar Tree just executed an early lease renewal, extending their lease expiration date from June 2027 to June 2032, underscoring their commitment to the Property. The strong in-place occupancy provides a future investor with solid income immediately, and an opportunity to enhance cash flow through lease up of the three (3) vacant suites. Overall, this retail strip center provides a future investor with the ability to achieve strong and secure cashflows through a diverse rent roll, with a strong WALT of +/- 3.9 years and a significant anchor tenant in Dollar Tree. Additionally, offering is well positioned to achieve continued success in the market and trade area given its prominent location along Highway 127 and its proximity to Walmart.
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