328 Mcmahan Blvd Marion, OH 43302

Legacy Crossing, a 71,026 square foot shopping center in Marion, Ohio (43302), presents a compelling investment opportunity. This Core+ asset boasts a strong national tenant lineup including Dollar Tree, Petco, Five Below, Maurices, and Bealls, with 94.1% occupancy and a Net Operating Income (NOI) of $729,599. Built in 2006 on a 10.61-acre lot, the property features 700 parking spaces and benefits from recent leasing momentum, including a new 10-year lease with Five Below. The property enjoys a prominent location off US Route 23 and Highway 95, a high-traffic corridor with 41,387 combined daily vehicles. Shadow anchors Hobby Lobby and Kohl's further enhance its appeal. Two vacant suites totaling 4,220 square feet offer value-add potential, with previous tenants including T-Mobile and a restaurant. The property's tenancy is characterized by limited chain competition within a 20-mile radius, ensuring strong drawing power for its diverse retail mix. The remaining lease term averages 4.7 years, and rent bumps are included in the lease agreements. This asset offers a stable income stream supported by strong credit tenants, representing 91% of the gross leasable area (GLA). The property's strategic location and strong tenant performance make it an attractive investment prospect. Offers are due July 11, 2024.