3230 W Alexis Rd - Bank FOR SALE


Toledo, OH 43613- Whitmer-Trilby
$1,157,000 USD
440-915-7902
3230 W Alexis Rd, Toledo, OH for Sale
$1,157,000 USD
Bank - FOR SALE
1/9
null | 7% 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 7.00% 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

Surrounded by Major Employers: Whirlpool Corporation (6,182 Employees), FCA US (6,159 Employees), General Motors Powertrain (1,971 Employees), Dana Corp. (1,571 Employees), Fifth-Third Bank's Northwest Ohio Headquarters (550 Employees), Owens Corning (1,237 Employees), Owens Illinois (843 Employees), Libbey Glass (1,300 Employees) and Pilkington North America (940 Employees) Multiple Points of Ingress/Egress with Side Road Positioned Between Banking Office and ATM Location Built-In Employment Base with Dense Healthcare Industry: Toledo’s Largest Employer ProMedica Health Systems (1.5 Miles to ProMedica Toledo Hospital with 4,800 Employees) with a System-Wide Total of 56,000 Employees, University of Toledo Medical Center, Mercy Health (Toledo’s Second Largest with Approximately 8,800 Employees, 300 Physicians and 2,200 Medical Staff Members) with More Than 34,000 Mercy System-Wide Employees, Together With the Bon Secours Mercy Health System (Moody’s “A2”), One of the Nation’s 20 Largest Health Systems with 43 Hospitals, More Than 1,000 Care Sites and 57,000 System-Wide Employees and HCR Manor Care Headquartered in Toledo with 1,845 Employees Easily Accessible to the Detroit Metropolitan Wayne County Airport (50 Miles) and Toledo Express Airport (17.5 Miles)

FOR SALE DETAILS

PRICE

$1,157,000 USD

PRICE/SF

$301 USD /SF

CAP RATE

7%

% 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 Retail/Office, Storefront Retail/Residential

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

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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