NNN Retail Properties with National
For Sale
Contact for pricing
Pending
4018 S Western Ave, Marion, IN 46953
Two individually parceled retail assets leased to Hobby Lobby and PetSmart with extended terms and scheduled rent increases.
Property SizeContact for details
Days on Market143
Property Features for 4018 S Western Ave
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Meijer
Listing Agency:
Marcus & Millichap - Indianapolis
(610) 608-2621
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Apr 12 at 4:07AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This offering includes two separate, individually parceled retail properties occupied by Hobby Lobby and PetSmart. Each property is leased to an established national retailer, with an average remaining term of 5+ years, multiple renewal options, and rent increases scheduled every five years during the respective lease terms. The acquisition conveys a fee simple interest in both assets.
The properties are part of University Marketplace on South Western Avenue, Marion’s primary retail corridor, which records more than 23,000 VPD. The shopping center is anchored by Meijer and is positioned among national retailers including Lowe’s, Walmart, Big Lots, Goodwill, Tractor Supply Company, and McDonald’s. Indiana Wesleyan University is located directly across the street and has 16,000 students, adding a significant institutional presence to the surrounding retail area.
The properties are part of University Marketplace on South Western Avenue, Marion’s primary retail corridor, which records more than 23,000 VPD. The shopping center is anchored by Meijer and is positioned among national retailers including Lowe’s, Walmart, Big Lots, Goodwill, Tractor Supply Company, and McDonald’s. Indiana Wesleyan University is located directly across the street and has 16,000 students, adding a significant institutional presence to the surrounding retail area.
Key Highlights
- Two separate, individually parceled retail properties
- Leased to Hobby Lobby and PetSmart
- Average remaining lease term of 5+ years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
296k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 24%
Groceries 22%
Apparel 21%
Meijer
Groceries
65,962 visits/mo
0.3 miles
McDonald's
Dining
30,014 visits/mo
0.3 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
0.1 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?
NNN property - Two individually parceled retail assets leased to Hobby Lobby and PetSmart with extended terms and scheduled rent increases.
Where is this nnn property located?
The property is located at 4018 S Western Ave Marion, IN.
What are key features of this property?
This property features: Two separate, individually parceled retail properties; Leased to Hobby Lobby and PetSmart; Average remaining lease term of 5+ years
