Net-Leased Pet Retail
For Sale
Contact for pricing
Pending
4014 S Western Ave, Marion, IN 46953
Individually parceled net lease PetSmart location with 3.5-year term remaining and multiple renewal options.
Days on Market112
Property Features for 4014 S Western Ave
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
23,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Stephen Schrenk · License #NJ
Source:
Crexi
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 29 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forged Real Estate
Investment Insights
Based on property information with market context.
This individually parceled, net lease property is offered on a fee simple basis and is leased to PetSmart. The lease includes a remaining term of 3.5 years with five remaining options, and rental increases scheduled every five years throughout the term.
The property is located within University Marketplace on South Western Avenue in Marion, Indiana, a primary retail corridor with over 23,000 VPD. The shopping center is anchored by Meijer and includes a tenant mix featuring national retailers such as Lowe’s, Walmart, Big Lots, Goodwill, Tractor Supply Company, and McDonald’s. University Marketplace is directly across the street from Indiana Wesleyan University.
For prospective tenants, the asset’s configuration as a dedicated PetSmart storefront within a college-adjacent, Meijer-anchored shopping center supports a straightforward, established retail use in an active neighborhood retail environment.
The property is located within University Marketplace on South Western Avenue in Marion, Indiana, a primary retail corridor with over 23,000 VPD. The shopping center is anchored by Meijer and includes a tenant mix featuring national retailers such as Lowe’s, Walmart, Big Lots, Goodwill, Tractor Supply Company, and McDonald’s. University Marketplace is directly across the street from Indiana Wesleyan University.
For prospective tenants, the asset’s configuration as a dedicated PetSmart storefront within a college-adjacent, Meijer-anchored shopping center supports a straightforward, established retail use in an active neighborhood retail environment.
Key Highlights
- Individually parceled net lease property leased to PetSmart
- PetSmart lease has 3.5 years remaining and five remaining options
- Rental increases scheduled every five years throughout the lease term
Property Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
288k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 24%
Groceries 23%
Apparel 22%
Meijer
Groceries
65,962 visits/mo
0.4 miles
McDonald's
Dining
30,014 visits/mo
0.5 miles
T.J. Maxx
Apparel
29,314 visits/mo
0.2 miles
Kohl's
Apparel
24,362 visits/mo
0.2 miles
Texas Roadhouse
Dining
23,921 visits/mo
0.2 miles
Demographics for 46953, IN
22,781
Population
10,095
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
84%
High-School Grad
85.6 sq mi
ZIP Area
266
Density / Sq Mi
$46,224
Median Household Income
$25,969
Median Earnings
$800
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Individually parceled net lease PetSmart location with 3.5-year term remaining and multiple renewal options.
Where is this storefront property located?
The property is located at 4014 S Western Ave Marion, IN.
What are key features of this property?
This property features: Individually parceled net lease property leased to PetSmart; PetSmart lease has 3.5 years remaining and five remaining options; Rental increases scheduled every five years throughout the lease term
