945 N Main St - Supermarket FOR SALE
Marion, VA 24354 |
945 N Main St
Marion, VA 24354
HIGHLIGHTS
- ANCHORED BY NATIONAL GROCER, FOOD LION, REPORTING EXCELLENT SALES IN 2020 – a significant 38% YOY jump from 2019 (see OM for details)
- WELL-POSITIONED WITHIN MARION, FRONTING N MAIN ST (US-11/VA-16) – the city’s primary traffic and commercial thoroughfare which parallels I-81
- FOOD LION & CVS BOAST OVER 35 YEARS AT THE PROPERTY WITH LONG-ESTABLISHED CONSUMER BASES, both having just exercised 5-year options through 2026
- 100% NATIONAL TENANT ROSTER, HIGHLIGHTED BY EXTREMELY RESILIENT RETAILERS including Food Lion, CVS and Fresenius Medical Care
- VALUABLE OPPORTUNITY TO CONTINUE TO GROW THE NOI AT THE CENTER through the lease-up of 5,562± SF, representing over 11% of the Total GLA
- EXCELLENT, RECENT LEASING MOMENTUM HIGHLIGHTED BY A NEW, 10-YEAR LEASE WITH FRESENIUS MEDICAL CARE
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Marion Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
50275
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
182
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
172-35-C-1,172-35-C-7,172-72-37A,172-72-41,172-73-1
