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Valley View Plaza | Dollar Tree Extension 3164 S Western Ave 37,193 SF 100% Leased Retail Building Marion, IN 46953 $5,607,411 CAD ($150.77 CAD/SF) 8.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Value-Add Opportunity: Valley View Plaza is 87.1% occupied, with 4,800 square feet of shop space available to lease up.
  • Traffic Generating Shadow Anchor & Nearby National Retailers
  • New ownership will enjoy benefiting from Indiana’s low property tax expense.
  • Impressive National Tenant Line-Up with Dedication to Site: 93% of the center is occupied by national tenants
  • Prime location along the bustling Western Avenue, which sees a significant daily flow of 24,007 vehicles passing per day

EXECUTIVE SUMMARY

Qualified investors are extended the opportunity to acquire Valley View Plaza, a 37,193-square-foot shopping center located in a prime retail corridor serving the suburb of Marion, Indiana. The Property is conveniently situated along Western Avenue, and shadow anchored by Walmart. Valley View Plaza is positioned between Fort Wayne and Indianapolis in Marion, Indiana, a suburb in Grant County. Additionally, the county is home to Wesleyan University and Marion General Hospital. Furthermore, the Fort Wayne International Airport is conveniently situated 45 minutes northeast of Marion.
Valley View Plaza is 87.1% occupied, presenting a value-add opportunity to drive NOI by leasing up the 4,800 square feet of vacancy. The Property is leased to a mix of national tenants including Goodwill, Dollar Tree, and CATO. The Property is located along the Western Avenue retail corridor in Marion, the dominant retail hub the trade area. The submarket is anchored by many national retailers including Meijer, Hobby Lobby, TJ Maxx, Lowe’s Home Improvement, R.P. Home & Harvest, and more.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
37,193 SF
Building Class
B
Year Built
1999
Price
$5,607,411 CAD
Price Per SF
$150.77 CAD
Cap Rate
8.25%
NOI
$462,611 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
4.71 AC
Parking
183 Spaces (4.92 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Single Net
  • -

The Cato Corporation, a leading specialty retailer with corporate offices located in Charlotte, NC, operates under three concepts, “Cato”, “Versona” and “It’s Fashion”. Each concept targets a different customer base, occupies a unique niche, and provides growth opportunities. Across all concepts, the Company provides the latest in fashion apparel and accessories, superior customer service and exceptional values. With stores nationally spread out, The Cato Corporation offers a broad assortment of on-trend fashion styles for any occasion – work or play, dressy or casual in missy and plus sizes at value prices every day. The company focuses on delivering excellence in fit, quality, fabrics and selection.

  • Information
  • -
  • -
  • -
  • -

Cricket Wireless operates as a prepaid wireless service provider and is a subsidiary of AT&T Inc. Founded in 1999, Cricket offers nationwide coverage and affordable no-contract plans. The Ottumwa store, located on Venture Drive, provides wireless services, smartphones, and accessories, serving customers in Wapello County and surrounding areas. This location is an authorized retailer and part of Cricket’s extensive retail network across the United States. Cricket Wireless trades under AT&T’s ticker symbol T on the NYSE. The Ottumwa store typically occupies approximately 1,200 square feet within a retail strip and employs a small team focused on sales and customer service.

  • Retailer
  • -
  • -
  • -
  • -

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

  • Retailer
  • -
  • -
  • -
  • -

Goodwill was founded in Boston by Reverend Edgar J. Helms, a Methodist minister and early social innovator. Helms created the Goodwill philosophy of “not charity, but a chance” when he collected used household goods and clothing in wealthier areas of the city, then trained and hired people who were poor to mend and repair the used goods. The goods were then sold or given to the people who repaired them. Over a century later, Goodwill remains a household name and leading nonprofit provider of educational and workforce-related services. Goodwill Industries International (GII) is based in Rockville, MD, outside of Washington, D.C. The Goodwill enterprise is a network of many community-based, autonomous organizations in the United States and Canada with a presence in a dozen other countries. To meet the needs of their local communities, each local Goodwill organization designs its own programs and services to help people find work near where they live.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Single Net -
Information - - - -
Retailer - - - -
Retailer - - - -

NEARBY MAJOR RETAILERS

7 Brew Coffee
Starbucks
IHOP
Fazoli's
Bob Evans Restaurants
Steak ‘n Shake
Meijer
Regions Bank
Texas Roadhouse
Mcalister's Deli

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-06-13-800-007.005-008
Land Assessment
$1,189,599 CAD
Improvements Assessment
$795,266 CAD
Total Assessment
$1,984,866 CAD
  • Listing ID: 34465726

  • Date on Market: 2025-01-13

  • Last Updated:

  • Address: 3164 S Western Ave, Marion, IN 46953

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