3230 W Alexis Rd - Bank FOR SALE


Toledo, OH 43613- Whitmer-Trilby
$1,246,000 USD
216-562-1981
3230 W Alexis Rd, Toledo, OH for Sale
$1,246,000 USD
Bank - FOR SALE
1/8
null | 6.5% Cap Rate

3230 W Alexis Rd
Toledo, OH 43613
Whitmer-Trilby


HIGHLIGHTS

  • Well-Known, Investment Grade Offering: Corporate, Single-Tenant, Publicly Traded Citizens Bank (NYSE: CFG/S&P “A-”/Moody’s “Baa1”)
  • Recent Renewal Proving Location Success: Absolute NNN Lease with 6 Yrs of Term Remaining (No Early Termination Rights) and 2% Annual Rental Increases
  • Direct Access to Large Population Base: Positioned within 5 Miles of Nearly 175,000 People & Average Household Incomes Over $90,000+
  • Small Price Point Deal at 6.50% CAP Rate
  • 3 Parcels to Accommodate Parking, Easy ATM Access and Banking Office: Highly Visible, Prominent Pylon & Building Signage
  • Strong Tenancy: One of the Nation’s Oldest and Largest Financial Institutions with $217.5 Billion in Assets (2024)

OVERVIEW

Situated in Northwest Ohio, Toledo is the fourth most populous city in the state and the county seat of Lucas County. The city has the amenities of a lively metropolis and the charm of a small town. From the world-class Toledo Museum of Art to the award-winning Toledo Zoo and nationally-known Toledo Mud Hens and Toledo Walleye, the region boasts attractions to both its visitors and residents alike. The city sits on the western end of Lake Erie and borders the State of Michigan (1 mile north of Citizens Bank). There are three major highway interstates that run through Toledo. The Turnpike (I-80) connecting Toledo to South Bend and Chicago to the west and Cleveland to the east. Interstate 75 travels north-south and provides a direct route to Detroit (55 miles) and Cincinnati and Interstate 475, only 2.5 miles south that encircles much of the city. The bank’s position with convenient highway access creates a convenient location with ease of access to Downtown, the nearby University of Toledo and surrounding suburbs.

FOR SALE DETAILS

PRICE

$1,246,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Citizens Bank | Recent Renewal

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CR

APN/PARCEL ID

23-64691

ASK ABOUT THIS PROPERTY

Bob HavasiCooper Commercial Investment GroupMore Info
216-562-1981

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Bob HavasiCooper Commercial Investment GroupMore Info
216-562-1981

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