945 N Main St
Marion, VA 24354
Marion Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ANCHORED BY NATIONAL GROCER, FOOD LION, REPORTING EXCELLENT SALES IN 2020 – a significant 38% YOY jump from 2019 (see OM for details)
- FOOD LION & CVS BOAST OVER 35 YEARS AT THE PROPERTY WITH LONG-ESTABLISHED CONSUMER BASES, both having just exercised 5-year options through 2026
- 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
- WELL-POSITIONED WITHIN MARION, FRONTING N MAIN ST (US-11/VA-16) – the city’s primary traffic and commercial thoroughfare which parallels I-81
- 100% NATIONAL TENANT ROSTER, HIGHLIGHTED BY EXTREMELY RESILIENT RETAILERS including Food Lion, CVS and Fresenius Medical Care
- EXCELLENT, RECENT LEASING MOMENTUM HIGHLIGHTED BY A NEW, 10-YEAR LEASE WITH FRESENIUS MEDICAL CARE
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
50,275 SF
Building Class
C
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
4.56 AC
Zoning
COMMERCIAL - Commercial General
Parking
182 Spaces (3.7 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,487,500 | |
| Land Assessment | $691,700 | Total Assessment | $3,179,200 |
