2740 Navarre Ave - Freestanding FOR SALE


Oregon, OH 43616
$3,950,000 USD
812-320-8483
2740 Navarre Ave, Oregon, OH for Sale
$3,950,000 USD
Freestanding - FOR SALE
1/4
null | 5.7% Cap Rate

2740 Navarre Ave
Oregon, OH 43616


HIGHLIGHTS

  • Absolute NNN Ground Lease - No Landlord Responsibilities | Corporate Guarantee | 15-Year Initial Term | 7 5-Year Renewal Options
  • New Construction - Grand Opening July 2025
  • Oregon is an Affluent, Growing Suburb of Toledo | Toledo MSA has 611K Residents | 5-Mile Daytime Population is 121,833

OVERVIEW

Absolute NNN Ground Lease – No Landlord Responsibilities | Corporate Guaranty | 15-Year Initial Term | Seven Five-Year Renewal Options New Construction – Grand Opening July 2025 Located on Signalized Hard Corner of Navarre Ave and Issac Street Drive (29,123 Combined VPD) | Less than One Mile from I-280 with 72,870 VPD Adjacent to the New Oregon Town Center Development, a Significant Mixed-Use Development Project Located on 12.5 Acres with Frontage on Navarre Ave | The Development Will Progress in Three Phases Which Will Include Retail, Restaurants, Green Spaces and Public Gathering Spots, Single-Family Residences, and an Apartment Complex with 208 Units Across Six Buildings | The Project is Currently Underway With an Expected Phase 1 Completion Date in May 2026 Investment-Grade Tenant: Sheetz, Inc., is One of the Fastest-Growing Convenience Store Chains in the World | 2024 Revenues were $14 Billion | The Company has 750 Locations in Seven States With Plans to Expand Into Michigan in 2025, and a New Distribution Center in Findlay, Ohio in 2026 | Further Expansion Plans Include Additional Southern States and the Midwest Adjacent to Mercy Health – St Charles Hospital Complex | The Hospital has 390 Beds and is a Level III Trauma Center | Includes The Pediatric Center, Regency Hospital Group, Acute Rehabilitation Services Among Other Clinics and Specialty Physicians’ Offices Within One Mile of Four Hotels and the Oregon Plaza Shopping Center With 2.7 Million Visitors per Year per Placer.ai | National Retailers Include Kroger, Five Below, Dollar General, Goodwill, Harbor Freight, AutoZone, Aaron’s, Starbucks, and Jersey Mike’s Subs Oregon, OH is Located Near Lake Erie and Attracts a Number of Visitors to the Area | Growing Suburb of Toledo OH | Cost of Living in Oregon is 19.3% Lower Than the US Average | Low Unemployment Rate of 4% Versus Higher US National Average Part of the Toledo, OH MSA with 611,000 Residents | Ideal Demographics: Five-Mile Daytime Population is 121,833

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$644 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C-4

APN/PARCEL ID

44-24264

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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