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1571-1587 N Main St 121,706 SF 99% Leased Retail Building Marion, VA 24354 $8,974,805 CAD ($73.74 CAD/SF) 9% Cap Rate



Investment Highlights
- Tractor Supply renewed for 10-Years in Q4 2025 @ $2.50 PSF with rent increases every 5-Years
- Dollar Tree renewed for 5-Years in Q2 2025 and Ollie's for 5-Years in Q4 2024
- Already subdivided 1 acre Out Parcel development / Conversion of select Gross Leases to Triple Net
- DMV, at the center since 1996 with lease until 2033 &USGS-since 2012 at the center with lease until 2032
- With the assumption of the existing loan (optional), the return on equity is 13.5% /Well Below Replacement Cost
- Positioned on a high-traffic corridor that includes Wal-Mart, Food City, and Food Lion
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Dollar Tree started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
Domino’s began in 1960 as a single pizza store in Ypsilanti, Michigan, and grew from that origin into a major global pizza brand. The company focuses on making, baking, and delivering pizza through a franchise-driven model that supports household customers in the U.S. and international markets. Domino’s business also includes menu development and store design, with a history of expanding its pizza offerings and related food items over time.
Ollie’s Bargain Outlet began in Mechanicsburg, Pennsylvania, in 1982 and was built around a closeout-retail model that buys excess inventory and sells brand-name goods at discounted prices. The company describes its business as offering “Good Stuff Cheap” through a changing assortment of merchandise and bargain-oriented store layouts. Its product mix spans household goods, food, books, stationery, bed and bath items, floor coverings, electronics, and toys. Ollie’s Bargain Outlet operates exclusively in the United States and continues to focus on closeout and overstock opportunities across its retail business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | - | $13.00 CAD | Triple Net | Jul 2030 | |
|
Accommodation and Food Services | - | $11.62 CAD | Triple Net | May 2030 | |
|
Retailer | - | $6.85 CAD | Triple Net | Nov 2029 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1577-C
- 1,744 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1577-C | 1,744 SF | Retail | In-Line | Now |
1577-C
| Size |
| 1,744 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,423,803 CAD | |
| Land Assessment | $1,629,818 CAD | Total Assessment | $8,053,621 CAD |
Property Taxes
Presented by
1571-1587 N Main St
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