Listings / VALLEY VIEW PLAZA

VALLEY VIEW PLAZA 3228 S. Western Ave, Marion, IN 46953

Price $3,600,000

Cap Rate 8.50%

NOI $305,797

Price Per SF $120

Leasable Area 29,974 SF

Occupancy 79%

Status available

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Broker of Record
Kyle Matthews
License No. RC51700140 (IN)
Matthews Retail Group, Inc.
841 Apollo Street. Suite 150, El Segundo, CA 90245
(310) 919-5757

OFFERING SUMMARY

Matthews Real Estate Investment Services is pleased to offer the opportunity to acquire the fee simple interest in Valley View Plaza (the “Property”), a 29,974 square foot Walmart shadow-anchored strip center located in Marion, IN, approximately 58 miles northeast of Indianapolis, and 47 miles southwest of Fort Wayne. Currently, 79.0% leased, the Property is anchored by AT&T (Expires 1/2024) and Aaron’s (Expires 1/2022), and also features other national tenants such as GameStop, Sally Beauty, Advance America, Boost Mobile, and an Armed Forces Career Center. The Property is ideally positioned at a signalized intersection off of SR-15, sitting in the heart of the Marion retail corridor with good visibility and accessibility into the center. Valley View Plaza provides an investor with an excellent opportunity to acquire a high-quality Walmart shadow-anchored strip center that features long term NNN leases with national tenants, as well as an immediate value-add component allowing an investor to significantly increase gross income through lease-up of the remaining vacancies. This outstanding investment opportunity is being offered free and clear of existing financing.

Investment Highlights