$1,850,000 USD
248-702-0288
HIGHLIGHTS
- Fully Occupied Retail Center | 100% leased to three established tenants: AutoZone, Family Dollar, and newly leased Glass City CrossFit.
- Long-Term Tenancy | Two anchor tenants (AutoZone & Family Dollar) have occupied the center for over 20 years, demonstrating strong location stability.
- Attractive Return | Offering at $1,850,000 with a 9.01% Cap Rate and $166,764 NOI, providing stable cash flow from day one.
- Prime Toledo Retail Location | Situated along W. Sylvania Avenue with 19,000+ VPD and surrounded by strong national retailers including Kroger
- Strong Demographics | Average household income of $71,917 within 5 miles and a population exceeding 213,000 in the same radius
- Established Credit Tenants | AutoZone, Inc. – $17.5B+ revenue, largest U.S. auto parts retailer; Family Dollar (Dollar Tree, Inc. subsidiary) – $30.6B
FOR SALE DETAILS
PRICE
$1,850,000 USD
PRICE/SF
$66 USD /SF
CAP RATE
9.01%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1957
SPRINKLERS
-
PARKING SPACES
85
LAND DETAILS
CROSS STREETS
Elmhurst rd
LAND ACRES
2.23 AC
LAND SF
97,139 SF
ZONING
C-25
APN/PARCEL ID
18-86118
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248-702-0288
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248-702-0288
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