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Valley View Plaza | Dollar Tree Extension 3164 S Western Ave 37,193 SF 100% Leased Retail Building Marion, IN 46953 $5,814,522 CAD ($156.33 CAD/SF) 8.43% 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.
  • Recent Lease Extensions: National tenants Goodwill, Dollar Tree, Cato, and Cricket Wireless have all recently extended their leases
  • 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
  • Traffic Generating Shadow Anchor & Nearby National Retailers

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 is 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
$5,814,522 CAD
Price Per SF
$156.33 CAD
Cap Rate
8.43%
NOI
$490,164 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
  • -
  • -
  • -
  • -

Founded in 1999, Cricket Wireless operates as a prepaid wireless telecommunications provider in the United States. Originally established by Leap Wireless, the brand focused on no-contract mobile services designed for cost-conscious consumers. In 2014, Cricket Wireless became a wholly owned subsidiary of AT&T following AT&T’s acquisition of Leap Wireless. The acquisition integrated Cricket into AT&T’s national network infrastructure while maintaining Cricket as a distinct prepaid brand. Cricket provides voice, text, and data services using AT&T’s wireless network, including access to 4G LTE and 5G coverage where available. The company distributes services through company-operated and authorized retail locations, as well as online channels. Over time, Cricket expanded from its initial regional footprint to a nationwide presence supporting consumer prepaid plans and device offerings.

  • Retailer
  • -
  • -
  • -
  • -

Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.

  • Retailer
  • -
  • -
  • -
  • -

Goodwill Industries is a nonprofit organization founded in 1902 and headquartered in Rockville, Maryland, with regional operations across the United States. Goodwill operates as a retail thrift store offering donated clothing, household goods, and furniture. Revenue from sales supports job training, employment placement services, and community programs for individuals facing barriers to employment. Goodwill also focused on workforce development and sustainability initiatives. The organization remains privately held under its nonprofit structure and continues to expand its social enterprise model nationwide.

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

NEARBY MAJOR RETAILERS

7 Brew
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
$1,159,248 CAD
Improvements Assessment
$774,976 CAD
Total Assessment
$1,934,224 CAD
  • Listing ID: 34465726

  • Date on Market: 2025-01-13

  • Last Updated:

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

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