1001 S Baldwin Ave
Marion, IN 46953
Retail Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in this Dollar General retail center located at 1001 South Baldwin Ave in Marion, Indiana. The subject property is a 13,700 square foot, 100% occupied, three tenant retail center which is anchored by Dollar General, and is strategically located on a hard corner, with excellent visibility from S Baldwin Ave (US-9) where the traffic count exceeds 20,000 cars per day. Dollar General is comprised of 8,200 square feet and pays a low rent of $5.05 per square foot. The store sales have historically been very strong and continue to grow – please see agent for details. Hospice Source is a leading medical equipment provider for hospice patients in the area, with over 60 locations currently. Hospice Source is comprised of 1,400 square feet and has one and half years remaining on the lease without any options, leaving upside for an incoming investor to raise rent. Collector’s Box Inc. is comprised of 4,100 square feet, and is a gaming store which is expanding and opening this second location, since their original location in Huntington, IN. The property is strategically located in a busy retail corridor of Marion on a hard corner where nearby national retailers include Autozone, Big Lots, Aldi Grocery, Dunham’s Sports, Dairy Queen, UPS, Wendy’s, Sherwin Williams, Arby’s and more. Dollar General has occupied this site since 1970, and is store number 131 out of the 14,500 locations nationwide. This property has served as a discount store and pharmacy for the market for multiple decades and has excellent visibility and frontage from S Baldwin Ave, or U.S. Route 9 which is a main thoroughfare running south to Columbus, IN and North to the Michigan/Indiana border.