Shopping Neighborhood
Marshall Plaza | 126,674-SF Value-Add Shopping Center | Strong Historical Occupancy
975 W College St, Marshall, MO 65340
Listing Price: $9,400,000
Cap Rate
6.66%
Gross SF
126,674
Rentable SF
126,674
Price/Gross SF
$74.21
Lot Size
13.30 acres
Year Built
1983
Investment Overview
Marcus & Millichap is pleased to present the offering for Marshall Plaza in Marshall, MO.
Marshall Plaza | 126,674-SF Value-Add Shopping Center | Strong Historical Occupancy
Investment Highlights
- Features a Tenant Mix of National Retailers including ALDI, Marshalls (TJX), Harbor Freight Tools, Dollar General, and Sherwin-Williams.
- Multiple Tenants Have Occupied the Site for Several Decades: Dollar General (1973), Sherwin-Williams (1978), Subway (1990), and ALDI (2008).
- Ownership Has Secured over 51,000 Square Feet of Leasing Activity since 2023, including New 10-year Terms for Marshalls (21,789 Square Feet) And Shoe Sensation (6,667 Square Feet).
- The Asset Features a 6.63 Percent in-place Cap Rate with a Projected 8.16 Percent pro-forma Yield upon Execution of a Pending Lease with Five Below.
- Stabilization Opportunity: 200,464 Square Feet of Current Vacancy Provides a Path to Increase Yield through Further Lease-up.
- Strategic Access: Located at the Intersection of US-65 and W College St, the Primary Commercial Corridor in Marshall
- Situated One Mile from Missouri Valley College, with a Student Population of 1,800.
- Marshall Serves as The County Seat And Micropolitan Hub for Saline County, supported by a Daytime Population of 20,000 within a Five-Mile Radius And Major Employers including Conagra Brands And Fitzgibbon Hospital.
Exclusively Listed By
Broker of Record
Shopping Neighborhood
Marshall Plaza | 126,674-SF Value-Add Shopping Center | Strong Historical Occupancy
Listing Price: $9,400,000
Cap Rate
6.66%
Gross SF
126,674
Rentable SF
126,674
Price/Gross SF
$74.21
Lot Size
13.30 acres
Year Built
1983
Investment Highlights
- Features a Tenant Mix of National Retailers including ALDI, Marshalls (TJX), Harbor Freight Tools, Dollar General, and Sherwin-Williams.
- Multiple Tenants Have Occupied the Site for Several Decades: Dollar General (1973), Sherwin-Williams (1978), Subway (1990), and ALDI (2008).
- Ownership Has Secured over 51,000 Square Feet of Leasing Activity since 2023, including New 10-year Terms for Marshalls (21,789 Square Feet) And Shoe Sensation (6,667 Square Feet).
- The Asset Features a 6.63 Percent in-place Cap Rate with a Projected 8.16 Percent pro-forma Yield upon Execution of a Pending Lease with Five Below.
- Stabilization Opportunity: 200,464 Square Feet of Current Vacancy Provides a Path to Increase Yield through Further Lease-up.
- Strategic Access: Located at the Intersection of US-65 and W College St, the Primary Commercial Corridor in Marshall
- Situated One Mile from Missouri Valley College, with a Student Population of 1,800.
- Marshall Serves as The County Seat And Micropolitan Hub for Saline County, supported by a Daytime Population of 20,000 within a Five-Mile Radius And Major Employers including Conagra Brands And Fitzgibbon Hospital.
Investment Overview
Marcus & Millichap is pleased to present the offering for Marshall Plaza in Marshall, MO.
Exclusively Listed By
Broker of Record
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