130 Mcmahan Blvd 142 Marion, OH 43302-5654
This exceptional investment opportunity presents the Shoppes at Legacy Crossing, a 11,273 square foot, single-story shopping center in Marion, Ohio. Built in 2006, this property boasts a 100% occupancy rate with seven tenants, including a Starbucks anchor. Located at the hard corner of McMahan Boulevard and Marion-Mt. Gilead Road, this center benefits from high visibility and accessibility, situated just off US-23. The property sits on a 1.4-acre lot with 52 parking spaces and is zoned B-2 Community Business District. The strong tenant mix includes national brands, many of whom have occupied the space since its construction. All leases include provisions for tenant reimbursement of pro-rata operating expenses, contributing to a strong net operating income (NOI) of $302,854. The property's strategic location within Marion's primary retail corridor, near major employers and universities, ensures consistent traffic and revenue generation. This core investment opportunity is priced at $4,495,000, translating to $398.74 per square foot. The property's outparcel position to a dominant power center further enhances its appeal and market position.
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Starbucks Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.