Mallard Square - Multi-Tenant Retail | Marion, OH
±61,250 SF multi-tenant shopping center | 8.56% cap | SR-95 frontage, 30,000+ VPD
Marketing description
Mallard Square is a ±61,250 SF multi-tenant retail & office shopping center on ±6.94 acres fronting State Route 95 (Marion–Mt. Gilead Rd), the busiest retail corridor in Marion with 30,000+ vehicles per day. Anchored by Habitat for Humanity and home to 20+ tenants — including OhioHealth, State Farm, T-Mobile and Jet's Pizza — the center produces diversified in-place income of ±$558,375 with an 8.56% cap rate at the $5,300,000 asking price, plus value-add upside from vacant suites and below-market rents. The property sits directly across from The Ohio State University–Marion and Marion Technical College (4,200 students), with immediate access to U.S. 23 and co-tenancy alongside Walmart, Kohl's, Lowe's, Meijer and Menards. B-2 Community Business District zoning supports a broad range of retail, office, medical and service uses.
Investment highlights
Offered at $5,300,000 — 8.56% cap on ±$453,600 in-place NOI ($86.53/SF)
±61,250 SF single-story multi-tenant retail & office center on ±6.94 acres
20+ tenants; anchored by Habitat for Humanity (±23,000 SF) through 2029
Frontage on State Route 95 — Marion's busiest retail corridor, 30,000+ vehicles/day
Directly across from OSU–Marion & Marion Technical College (4,200 students)
Minutes to U.S. 23; co-tenancy with Walmart, Kohl's, Lowe's, Meijer & Menards
Value-add upside from vacant suites and below-market in-place rents
B-2 Community Business District zoning — broad permitted uses
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