Legacy Crossing

71,026 SF | 91% Leased | Retail Building | Marion, OH 43302 | For Sale

Property Type: Retail
Square Feet: 71,026 SF

Listing Contacts

Michael Wilson

Verified Profile

Christian Williams

Verified Profile

Property Info

Property Overview

CBRE is pleased to offer investors the opportunity to acquire Legacy Crossing, a 71,026-square-foot shopping center in Marion, Ohio. Legacy Crossing is located in a prominent corridor off US Route 23, the major north-south state highway that connects consumers from a large trade area. Drawing 1.6 million visitors annually, the Property features a diverse set of nationally recognized retailers including Petco, Five Below, Bealls, Bath & Body Works, and Dollar Tree. The Property's tenancy benefits from traffic-generating shadow anchors, Hobby Lobby and Kohl's. The Property is strategically situated in the primary retail corridor along the highly trafficked Marion-Mt Gilead Road. At 98% occupied, this corridor is nearing full occupancy and features no available box space.
At 94% occupied, Legacy Crossing presents a valuable opportunity for future investors to acquire a successful shopping center within a powerful retail corridor that features national tenancy drawing consumers from a large geographical trade area.

Property Details

Class: B
Year Built: 2006
Stories: 1
Property Subtype: Storefront
Lot Size (sq. ft): 458,687 SF

Highlights

RECENT LEASING MOMENTUM CREATING DURABLE INCOME STREAM BACKED BY STRONG CREDIT
VALUE ADD OPPORTUNITIES
IMPRESSIVE TENANT PERFORMANCE & LIMITED CHAIN COMPETITION
DOMINANT RETAIL CORRIDOR JUST OFF US ROUTE 23

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