The Forum Shopping Center I & II
$16,500,000
1559-1677 Marion Mount Gilead Road, Marion, OH 43302
9.18
Cap Rate
1,514,568.86
NOI
Details:
Highlights:
- 99% occupied
- Below market rent in place for numerous tenants including Harbor Freight, HomeBuys and Panera
- Excellent access to surrounding metro areas via U.S. 23
- Adjacent to The Ohio State University at Marion and Marion Technical College, with a combined student enrollment of 4,200
- State Route 95 | 30,000+ VPD
- Cash-on-cash return of 12.33%
Description:
The Gilbert Group is pleased to present a fantastic opportunity to own 100% fee simple interest in The Forum Shopping Center I & II, a multi-tenant retail center located in Marion, Ohio. The subject property is a 162,473 square foot power center located on the south side of Marion-Mt. Gilead Rd., just west of the intersection with State Route 23. Marion-Mt. Gilead Rd. (State Route 95) is the main retail corridor servicing Marion, Ohio. The shopping center is currently 99% occupied, with national co-tenants including Pet Supplies Plus, Harbor Freight Tools, Buffalo Wild Wings, Panera, Tropical Smoothie Cafe, HomeBuys, Verizon, The UPS Store and Goodwill. The center offers upside by way of increasing occupancy and raising below market rents. This is a rare opportunity to acquire a stabilized power center priced below replacement cost.
None
1 Space Available
1605 Marion Mount Gilead Road Community Center
Documents:
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Location
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