Marshall Plaza | 125,670 Square-Foot Value-Add Shopping Center in Marshall, MO
Occupied by Aldi, Dollar General, Sherwin Williams, Hibbett Sports, Subway, Liquor Store, Car Wash, and local Mexican Restaurant
Staple Long-Standing Development in Region | Originally Constructed in 1983 & Extensively Renovated & Redeveloped Over Time
Currently 40% Occupied | 74,857 Square-Feet of Upside | Vacancies Span 6 Units Ranging 2,000 – 43,000 Square-Feet
Strong Historical Occupancy | Stabilized Up Until Recently | Grocery Chain Closed Business Leaving 43,202 SF Vacant | Covid-19 Forced Bankruptcy of Gordmans = 14,850 SF & Closure of Factory Connection = 7,000 SF
Vacant Units have Strong Frontage | Ability to Demise & Reconfigure Spaces | 160 Foot Length at Longest Section
Stabilized CAP Rate of 18.22% | Assumes Cheap Rent Averaging Only $6.42/SF | Certain Current Tenants have Reduced Rent Obligations Due to Occupancy Co-Tenancy | Dual Upside When Stabilized
Stable Cash-Flow During Lease-Up Process | Majority of Tenants Encumbered with Triple-Net Leases
Long Standing Tenant Base | Dollar General = 1973 | Sherwin Williams = 1978 | Aldi = 2008 | Subway = 1990 | Car Wash = 1989
Prime Hard Corner Location at Highway 65 & College St which Sees Over 21,700 Vehicles Per Day
Immediate Demographics are Dense & Mature | Population Counts of 5,803 within 1-Mile, and 13,182 within 3-Miles
Surrounding Retailers Include McDonalds, Taco Bell, AutoZone, Orscheln, CVS, Dollar Tree, Walmart, Applebee’s, Casey’s, BreakTime, Sonic, AT&T, and R.P. Lumber
Marshall is Located 80-miles East of Kansas City & 50 Miles West of Columbia | County Seat of Saline County