Community Retail Center with Strong
1571 N Main St Marion, VA 24354
1571 N Main St, Marion, VA, 24354
$6,552,340
For Sale
$6,552,340
Community retail center anchored by Tractor Supply, Ollie’s Bargain Outlet, and Dollar Tree with recent capital improvements.
Property Size121,706 SF
Price / SF$53.84
Days on Market111
Property Features for 1571 N Main St
General Information
- Standard status
- Active
- Size
- 121,706 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1971
Listing agency
Atlanta Office
(678) 808-2776
Listed by
Altaf Sulaiman · License #GA: 233619
(678) 808-2776
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 10:12PM Checked: Jul 21 at 10:12PM
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 Atlanta Office
Investment Insights
Based on property information with market context.
Marion Plaza is a 121,700-square-foot community retail center anchored by Tractor Supply, Ollie’s Bargain Outlet, and Dollar Tree. The center includes a mix of retail, medical, service, and restaurant tenants, with essential business presence from tenants such as the U.S. Geological Service, Marion Family Pharmacy, Domino’s Pizza, Tender Tots Daycare, and Dr. Mary Curtiss, M.D. A portion of the space currently vacated by the VA Clinic is being negotiated for a new medical practice at $14.00 per square foot NNN annual rent. Tractor Supply recently renewed for an additional 10 years at $2.50 per square foot NNN rent with increases every five years.
The property is located along Lee Highway (US-11) with additional visibility from Interstate 81, and more than 30,000 vehicles pass through the center daily. It is next to a Walmart and within one mile of three schools serving a total of 1,500 students. The center is also adjacent to Smyth County Community Hospital and benefits from I-81 exposure to more than 58,000 vehicles per day.
Recent capital improvements include upgrades to the parking lot, exterior painting, and HVAC replacements. The roof is in good condition, and Ollie’s Bargain Outlet has seven years remaining on its roof warranty. The property falls within Virginia’s Enterprise Zone (VEZ Grant), and the offering includes optional assumable financing at a fixed 5.7982% interest rate with 3.3 years remaining on the loan term.
The property is located along Lee Highway (US-11) with additional visibility from Interstate 81, and more than 30,000 vehicles pass through the center daily. It is next to a Walmart and within one mile of three schools serving a total of 1,500 students. The center is also adjacent to Smyth County Community Hospital and benefits from I-81 exposure to more than 58,000 vehicles per day.
Recent capital improvements include upgrades to the parking lot, exterior painting, and HVAC replacements. The roof is in good condition, and Ollie’s Bargain Outlet has seven years remaining on its roof warranty. The property falls within Virginia’s Enterprise Zone (VEZ Grant), and the offering includes optional assumable financing at a fixed 5.7982% interest rate with 3.3 years remaining on the loan term.
Key Highlights
- 121,700 SF community retail center anchored by Tractor Supply, Ollie’s Bargain Outlet, and Dollar Tree
- Located on Lee Highway (US‑11) with additional visibility from Interstate 81 and more than 30,000 vehicles passing daily
- Next to a Walmart and within one mile of three schools serving a total of 1,500 students
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Community retail center anchored by Tractor Supply, Ollie’s Bargain Outlet, and Dollar Tree with recent capital improvements.
Where is this shopping center located?
The property is located at 1571 N Main St Marion, VA.
What is the asking price?
The asking price for this property is $6,552,340.
What are key features of this property?
This property features: 121,700 SF community retail center anchored by Tractor Supply, Ollie’s Bargain Outlet, and Dollar Tree; Located on Lee Highway (US‑11) with additional visibility from Interstate 81 and more than 30,000 vehicles passing daily; Next to a Walmart and within one mile of three schools serving a total of 1,500 students
