1837 W Alexis Rd - Office FOR SALE


Toledo, OH 43613- Whitmer-Trilby
$825,000 USD
323-609-4405
1837 W Alexis Rd, Toledo, OH for Sale
$825,000 USD
Office - FOR SALE
1/5
null | 8.01% Cap Rate

1837 W Alexis Rd
Toledo, OH 43613
Whitmer-Trilby


HIGHLIGHTS

  • OVER 3 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF ALEXIS ROAD | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Alexis Road Animal Hospital investment property located in Toledo, Ohio. The Tenant, AmeriVet, has over 3 years remaining in their initial term with 2 5-Year options to extend. The lease features annual rental increases of 3.25%. The lease is a double net with limited landlord responsibilities of roof, structure, and exterior, making it an ideal, low-management investment opportunity for a passive investor. AmeriVet has over 180 locations in 28 states and partners with experienced, established veterinarians looking to adapt and grow their practices and provides best-in-class operational resources to support their success. Alexis Road Animal Hospital is strategically located on Alexis Road. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Alexis Road. It shares this busy Toledo area with businesses like Harbor Freight, Kroger, Lowe’s Home Improvement, Target, and The Home Depot. The location benefits from the frequent street traffic of Alexis Road, which sees 23,051 vehicles daily. The 5-mile trade area is supported by a population of 179,027 and 68,792 daytime employees with an average household income of $71,019.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alexis West Plaza

PROPERTY TYPE

Office

ADD'L SUBTYPES

Veterinarian/Kennel, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,369 SF

ZONING

CR-SO

APN/PARCEL ID

22-03344

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

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