520 Main St Marion, OH 43302-2331
Property profile & analytics
520 Main St, Marion, OH 43302-2331
- Retail properties & Spaces
- 0.64 lot acres
Property ID
US66-3160754
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
- LibertyX Bitcoin ATM / Atm
Property Details for 520 Main St
- Year built
- 1990
- Lot size
- 0.64 lot acres
- Property type
- Retail properties & Spaces
- APN
- 12-104000.0700
- APU
- 121040000700
Description
This exceptional investment opportunity presents a 11,112 square foot Family Dollar store located at 520 North Main Street, Marion, OH 43302. The property, built in 1990, sits on a 0.64-acre lot and boasts a 100% occupancy rate with a corporate guarantee from Dollar Tree, Inc. The current lease, a modified gross lease, commenced March 1, 1990, and expires December 31, 2027, leaving approximately 3.1 years remaining. The lease includes three five-year options with approximately 3.50% rent increases. The asking price is $595,000, representing a price per square foot of $53.55 and a compelling 10.65% cap rate. The property generates a Net Operating Income (NOI) of $63,378. The tenant, Family Dollar, benefits from a strong location in Marion's prime retail corridor, near other national brands. This strategically positioned asset offers a stable income stream and significant upside potential due to the lease terms and the tenant's financial strength. The property is situated in a central Ohio location, just 46 miles from Columbus, serving a population of 36,053 residents with an average household income of $44,879. Additional rent is generated through a percentage rent clause equal to 2.50% of gross sales exceeding $2,656,240.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Marion
- State
- Ohio
- Longitude
- -83.129
- Latitude
- 40.5973
- CBSA code
- 32020
- CBSA name
- MARION, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,277
$12,360
$123,180
$135,540
-
$35,310
$351,940
$387,250
