Marion, IN - 2509 W 2nd St

Description:

SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in 2509 W 2nd Street, a 24,720 square foot office property comprised of two connected buildings located at 2509-2513 W 2nd St in Marion, Indiana. The property is 100% leased to three tenants: Hopebridge (13,320 SF), Angels of Mercy Homecare (3,790 SF), and Nu Nation Church of Zion (7,610 SF). Hopebridge’s lease runs through October 2028, Angels of Mercy is in place through November 2026 with two remaining five-year renewal options, and Nu Nation recently signed a new five-year lease with 3.0% annual increases and
two additional five-year options. The property also underwent recent capital improvements, including new roofing and a resurfaced parking lot. Additionally, Bradley Company has served as the third-party property manager for more than three years.

The property features over 400 feet of frontage along West 2nd Street, a primary thoroughfare in Marion with an average daily traffic count of 7,000 vehicles. It is located directly across from a General Motors metal plant employing over 750 workers and is less than 2.5 miles from downtown Marion. Additional nearby demand drivers include Indiana Wesleyan University (2,270 students) and the Marion Municipal Airport, located approximately 5 miles away. The surrounding five-mile trade area supports a population of more than 36,000 residents with an average household income of $66,000.