1703 Airport Hwy - Department Store FOR SALE


Toledo, OH 43609- Southside
$2,500,000 USD
330-777-1505
1703 Airport Hwy, Toledo, OH for Sale
$2,500,000 USD
Department Store - FOR SALE
1/5
null | 7.88% Cap Rate

1703 Airport Hwy
Toledo, OH 43609
Southside


HIGHLIGHTS

  • Minimal Landlord Responsibilites
  • Strategic Retail Location
  • Corporate Lease
  • Strong Real Estate Fundamentals
  • Recession Resistant Tenant
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Toledo Center, a multi-tenant retail investment property with Save-A-Lot and Family Dollar tenants, located at 1703 Airport Highway in Toledo, OH (the “Property”). Family Dollar has over 3 years remaining on their original lease with one (1) 5-year option. Save-A-Lot has been at this location since 2004 and has 2 months remaining on their original lease. Save-A-Lot occupies 18,109 square feet of the retail center, approximately 64% of total gross living area, while Family Dollar occupies 10,128 square feet of the retail center, approximately 36% of the gross living area. The Property is situated upon a 2.79-acre lot. The Property is located along one of Toledo’s primary commercial corridors, offering strong visibility and convenient access within a well-established Lucas County retail market. The Property is positioned along Airport Highway (U.S. Route 20), a heavily trafficked arterial, and is in close proximity to complementary national and local retailers, service-oriented businesses, and dining options that generate consistent daily traffic. Surrounded by dense residential neighborhoods and nearby employment centers, the site benefits from a stable and diverse customer base. The Property provides efficient access to U.S. Route 20 and Interstate 475, with Interstate 75 located nearby, allowing for direct connectivity throughout the Toledo metropolitan area and the broader Northwest Ohio region.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

7.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Save-A-Lot & Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.79 AC

LAND SF

121,475 SF

ZONING

CR

APN/PARCEL ID

16-07851

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

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Steven SchiavelloHorvath & TremblayMore Info
330-777-1505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.