3911 Secor Rd - Freestanding FOR SALE


Toledo, OH 43623- Franklin Park
$6,313,000 USD
314-324-8792
3911 Secor Rd, Toledo, OH for Sale
$6,313,000 USD
Freestanding - FOR SALE
1/3
null | 4.75% Cap Rate

3911 Secor Rd
Toledo, OH 43623
Franklin Park


OVERVIEW

Rare 20 Year Lease Term: AutoZone signed a new 20 year lease and took the building as-is, showing their long term commitment to the site and customer base. Passive Investment: The tenant is responsible for all day-to-day maintenance, including taxes, CAM, and insurance (including reimbursing the landlord for any premiums), providing ease of management. There is also a new 20 year roof warranty -- fully transferable. Mega Hub Store Location: The 33,125 SF building serves as the Mega Hub for the market, which carry approx. 5x the number of products as traditional stores generating higher sales and acts as a distribution center for the local area. Convenient Site Access & Major Traffic Exposure: The site benefits from three points of egress/ingress from local roads totaling 76,650 VPD. Interchange access to I-475 (79,500 VPD) is one intersection South, providing easy access for retail customers and local distribution.. Dense Retail Corridor: AutoZone is centrally positioned in the retail corridor, which is anchored by Franklin Park Mall (1.3mm SF), Target, Kroger, and Home Depot. Automotive Retail Leader: AutoZone (S&P: BBB) is leading retailer of automotive parts and supplies with over 6,100 locations in the US. For the FYE 2024, the company reported revenue of $18.49bn and net income of $2.6bn.

FOR SALE DETAILS

PRICE

$6,313,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Autozone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

CR

APN/PARCEL ID

22-16507

ASK ABOUT THIS PROPERTY

Graham GoldStream Capital PartnersMore Info
314-324-8792

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Graham GoldStream Capital PartnersMore Info
314-324-8792

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