516 S Washington St Marion, IN 46953
Retail property with a long-term tenant and high cap rate.
Building Details
- Year built
- 1920
Source:
Bradleyco
Listing Agent: Conner Call
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Investment Opportunity in Marion
The retail property located at 516 S. Washington St. in Marion, IN, offers an investment opportunity. Constructed in 1920, this 4,132 square-foot building is suitable for personal services or retail businesses. Its central location in a key commercial area enhances visibility and foot traffic. The property is anchored by Automotive Color & Supply Corporation, a distributor of automotive and industrial coatings with 10 locations across Indiana and Illinois. The property features a 10% cap rate with a NNN lease structure, offering minimal landlord responsibilities and scheduled rental increases. The location is in close proximity to downtown Marion, enhancing accessibility and visibility. Marion's retail market trends show a shift toward community-centric and experiential retail spaces. Retailers are focusing on strategies that foster brand loyalty and support regional businesses, contributing to a stronger local economy. There is also a growing emphasis on integrating technology and sustainable practices, making retail spaces more adaptable and customer-friendly. A long-term lease structure and high-quality tenant in an essential industry offers a reliable income stream.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Automotive Color & Supply ...
Auto Parts Store
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Grant
- State
- Indiana
- Longitude
- -85.65934
- Latitude
- 40.567913
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FAQs
What type of property is this?
Retail space - Retail property with a long-term tenant and high cap rate.
Where is this retail space located?
The property is located at 516 S Washington St Marion, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: - 10% Cap Rate with NNN Lease: Offers attractive investment with minimal landlord responsibilities and scheduled rental increases.; - Anchored by Automotive Color & Supply Corporation: A leading distributor and best-in-class tenant with 10 locations, ensuring strong regional stability.; - Long-Term Lease Structure: Provides a reliable income stream from a high-quality tenant in an essential industry.