Assignment – Marion Shoppes 2019-04-05T16:03:55+00:00

COLUMBUS, OH

MARION SHOPPES

  • NOI $280,674
  • SQUARE FEET 63,829
  • Year Built/Renovated 1968/2003
  • OCCUPIED 100%
  • ACRES 5.25
  • NUMBER OF SUITES 10
OFFERING MEMORANDUM

INVESTMENT SUMMARY

The Chetek Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Marion Shoppes (“the Property”), a 63,829 square-foot grocery-anchored community shopping center located in Columbus, Ohio. Save-A-Lot, the local market grocer, anchors Marion Shoppes alongside Family Dollar. Save-A-Lot, headquartered in St. Louis, Missouri has more than 1,300 grocery stores across 36 states with 11 stores in Columbus, Ohio. Save-A-Lot represents 38.6% of the Property’s gross leasable area with an annual total revenue of $114,874. Family Dollar, an American variety store chain with over 8,000 locations in the US represents 18% of the Property’s gross leasable area producing $87,161 of total revenue. 

This unique offering provides the opportunity to acquire a high-quality asset 100% leased property. Since 2001, Save-A-Lot has successfully operated along side other service oriented tenants at this location.

LISTING HIGHLIGHTS

63,829 square-foot grocery-anchored community shopping center located in Columbus, Ohio.

The Property in 100% leased and includes a total of 9 suites -Save-A-Lot, Family Dollar, ARA Dialysis, King J Beauty Supply, Soap City Laundry, High Hopes Childcare, Hunan King Restaurants and Touch & Agree Barber Shop. The strip also includes a 3,500 SF indirect space occupied by Metro PCS, a flagship brand operated by T-Mobile.

Since 2001, Save-A-Lot has successfully operated along side other service oriented tenants at this location.

In addition to the 24,610 SF Save-A-Lot, the property also includes a 11,500 SF Family Dollar, and a 6,719 SF ARA Dialysis Center.

OFFERING MEMORANDUM