2450 S Reynolds Rd - Freestanding FOR SALE


Toledo, OH 43614- Southwyck
$3,096,000 USD
303-884-6659
2450 S Reynolds Rd, Toledo, OH for Sale
$3,096,000 USD
Freestanding - FOR SALE
1/9
null | 6.35% Cap Rate

2450 S Reynolds Rd
Toledo, OH 43614
Southwyck


HIGHLIGHTS

  • Brand New 12-Year Lease | Options To Extend | Rental Increases | Relocation Store | $250K In Recent Improvements | Corporate Signature
  • NNN Lease Structure | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Regional Connectivity
  • Dense Retail Corridor | Strong Tenant Synergy
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group, LP is pleased to present the opportunity to acquire the fee simple interest in a NNN-leased Goodwill retail property located in Toledo, Ohio. The tenant, Goodwill Industries of Northwest Ohio, Inc., recently executed a brand new 12-year lease with two (2) additional five-year renewal options, demonstrating long-term commitment to the site. The lease features a scheduled $1 PSF rent increase during the primary term and CPI-based increases at the start of each option period, supporting long-term NOI growth and providing an inflation hedge. This is a relocation store for Goodwill with a proven track record of strong performance in the market. As further evidence of their commitment, the tenant recently completed approximately $250,000 in site improvements, including repaving and restriping the parking lot. The lease is structured as NNN with minimal landlord responsibilities and signed by a corporate entity, an ideal, low-touch investment opportunity for passive or out-of-state investors.

FOR SALE DETAILS

PRICE

$3,096,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodwill | New 12yr Corp NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

CR

APN/PARCEL ID

20-01330

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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