905-907 Coshocton Ave
Mount Vernon, OH 43050
Mount Vernon Plaza · Retail Property For Sale

Marshalls Anchored Mt. Vernon Plaza | 100% Leased For sale is the 100% leased, fee simple interest in Mount Vernon Plaza, a 44,988 square foot shopping center anchored by Marshalls and featuring Shoe Carnival, Maurices, rue21 and Buffalo Wild Wings, in Mount Vernon, Ohio. This property is being offered to qualified investors at an attractive cap rate of 7.35%, providing a strong investment with long-term national credit tenants. In addition to providing an investor with a long-term stable return on investment, the asset is being conveyed with a buildable pad site with tenants in hand. Rarely seen with this type of investment, a buyer will be able to immediately capitalize on constructing this multi-tenant building. While the property has been a retail center for years, it was recently (2016/2017) completely remodeled (including new roof, facades, etc.) to include the newest prototypes for its tenants. Mount Vernon Nazarene University (2,200 students) and the majority of the city' s residents are located near the property, and surrounding retailers include Walmart, Lowe' s, Kroger, Tractor Supply, ALDI, CVS, Chipotle, Starbucks, Dollar Tree, Bob Evans, Panera, McDonald's, Tim Horton's, and more. Mount Vernon is the county seat of Knox County, Ohio, and part of the larger Columbus-Marion-Zanesville CSA. According to the 2012 census, the population is 2,348,495, ranking 25th in the nation. The city is located northeast of Columbus and situated along U.S. Route 36 (Coshocton Avenue), which spans 1,414 miles from Uhrichsville, Ohio to Rocky Mountain National Park, Colorado, covering six states. Mount Vernon was established in 1805 by Joseph Walker, Thomas B. Patterson and Benjamin Butler. In honor of the general and President, the community was named after George Washington' s famous home. In 1994, Mount Vernon was named Ohio' s Most Livable Community by Ohio Magazine. Mount Vernon Nazarene University (MVNU) is a private Christian liberal arts college located south of downtown Mount Vernon. The university was founded in 1968 by the Church of the Nazarene, one of eight US liberal arts colleges affiliated with the Church of the Nazarene, and offers a variety of Bachelor' s and Master' s degrees. Kenyon College, with 1,705 students, is also located just a few miles east of the shopping center.