2244 S Reynolds Rd - Department Store FOR SALE


Toledo, OH 43614- Southwyck
$4,447,910 USD
773-727-4285
2244 S Reynolds Rd, Toledo, OH for Sale
$4,447,910 USD
Department Store - FOR SALE
1/1
null | 10% Cap Rate

2244 S Reynolds Rd
Toledo, OH 43614
Southwyck


HIGHLIGHTS

  • Below-Market Rents
  • High-Traffic Location with Exceptional Access and Visibility
  • Proven Tenant Commitment Through Capital Investment and Full Building Conversion
  • Established Regional Retail Corridor Anchored by Top National Retailers
  • Well-Positioned 11-Acre Site with Large Format Building

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee simple interest in the At Home property located at 2244 S Reynolds Road in Toledo, Ohio. At Home operates under an absolute NNN lease with zero landlord responsibilities, providing investors with a truly passive income stream. The lease features approximately five years and four months of remaining term and includes four five-year renewal options, with rent increasing by 2.00% annually throughout both the base and option periods. The Property consists of a 111,763-square-foot retail building situated on a sizable 11.01-acre parcel. Originally constructed in 1972, the building underwent a full renovation in 2015 as part of At Home’s conversion of a former Kmart into its large-format prototype. The site benefits from excellent access and visibility directly along S Reynolds Road (23,207+ VPD) and sits just off the Ohio Turnpike (I-80/I-90), which sees more than 27,554 vehicles per day. The Property’s strategic location within a high-traffic corridor enhances its long-term real estate value and retail viability.

FOR SALE DETAILS

PRICE

$4,447,910 USD

PRICE/SF

$40 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

At Home

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

318

LAND DETAILS

LAND ACRES

11.01 AC

LAND SF

479,596 SF

ZONING

10-CRSO

APN/PARCEL ID

07-71481

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

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