HIGHLIGHTS
- Attractive Yield: Offered at a 7.75% cap rate with ~$151K NOI, providing strong in-place cash flow
- Corporate-Backed Tenant: Lease guaranteed by Goodwill, a nationally recognized operator with over 4,000 locations and $7B+ in revenue
- Recession-Resilient Use: Essential, needs-based retail with consistent traffic driven by donation and resale model
- Minimal Landlord Responsibilities: NN lease structure with tenant covering majority of expenses, reducing ownership burden
- Value-Add Potential: Below replacement cost (~$90/SF) with future repositioning or redevelopment upside
- Accessible Midwest Market: Located in Toledo with a population of ~170K within 5 miles and solid household incomes
FOR SALE DETAILS
PRICE
$1,952,980 USD
PRICE/SF
$90 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Distribution, Showroom, Light Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
81
LAND DETAILS
LAND ACRES
1.92 AC
LAND SF
83,635 SF
ZONING
10-CR
APN/PARCEL ID
20-01847
ASK ABOUT THIS PROPERTY
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248-579-5045
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248-579-5045
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