For Sale
$4,495,000

130 Mcmahan BlvdMarion, OH 43302

Marion, OH Retail Center - 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the Shoppes at Legacy Crossing, a 11,273 square foot, single-story shopping center in Marion, Ohio. Built in 2006, this property boasts a 100% occupancy rate with seven tenants, including a Starbucks anchor. Located at the hard corner of McMahan Boulevard and Marion-Mt. Gilead Road, this center benefits from high visibility and accessibility, situated just off US-23. The property sits on a 1.4-acre lot with 52 parking spaces and is zoned B-2 Community Business District. The strong tenant mix includes national brands, many of whom have occupied the space since its construction. All leases include provisions for tenant reimbursement of pro-rata operating expenses, contributing to a strong net operating income (NOI) of $302,854. The property's strategic location within Marion's primary retail corridor, near major employers and universities, ensures consistent traffic and revenue generation. This core investment opportunity is priced at $4,495,000, translating to $398.74 per square foot. The property's outparcel position to a dominant power center further enhances its appeal and market position.

Highlights

  • 100% occupancy with strong national credit tenants.
  • Long-term tenants, many since the 2006 construction.
  • High-visibility corner location on Marion's primary retail corridor.
  • NNN leases; tenants pay pro rata share of operating expenses.
  • Excellent accessibility via signalized intersection off US-23.

Property Details for 130 Mcmahan Blvd

Property type
Lifestyle centers, Power centers
Square Feet
11,273 SF
Year Built
2006
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.5817529
Longitude
-83.0821263
130 Mcmahan Blvd, Marion, Ohio

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130 Mcmahan Blvd
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