|Last Updated Date||10 Feb 2020|
University Marketplace is located on South Western Avenue, which is the main retail corridor in Marion, IN. It is a highly sought-after retail trade area with over 23,000 VPD. The corridor also supports a surplus of national tenants such as: Lowe’s, Walmart, Big Lots, Goodwill, Tractor Supply Company, McDonald’s and others. The University Marketplace shopping center is anchored by Meijer, the dominant supermarket chain in the state of Indiana. Additionally, the center is directly across the street from Indiana Wesleyan University (IWU) – the largest private university in Indiana (16,000 students), as well as the fastest-growing university
Holliday Fenoglio Fowler, L.P. (“HFF”) Net Lease Advisory is pleased to exclusively offer a net lease opportunity to acquire a fee simple interest in three, separate properties located at University Marketplace – one of the most desirable shopping centers in Marion, IN. The three properties are individually parceled and leased to nationally recognized tenants: Hobby Lobby, PetSmart, and T.J. Maxx. The tenants have an average remaining term of 5 years and all three tenants have a minimum of three remaining options, as well as rental increases every five years throughout their respective terms. Lastly, Hobby Lobby is the largest privately-owned arts-and-crafts retailer in the world; PetSmart is the largest specialty pet retailer in the United States, Canada and Puerto Rico; and T.J. Maxx, alongside of their sister company, Marshalls, is the largest off-price retailer in the United States.