$1,800,000 USD
419-944-3704
HIGHLIGHTS
- Strong History of Occupancy with 78.9% of the GLA Operating at the Site for Nearly 20+ Years
- Operating at the site since 1994, The Distillery is a Toledo Mainstay Featuring Live Bands, Trivia Diverse Menu and Craft Beer
- Average Rent is $8.87, which is Below Market Offering Investors a Long-Term Value Add Opportunity to Increase Rents as Lease Rollover Occurs
- Attractive Lease Features such as Tenant Reimbursement for Management Fee and Capital Improvements if Shown as Depreciation Expense
- Combined Traffic Counts Exceed 33,000 VPD
- Within a 1-Mile Radius there are 28 Apartment Complexes, Totaling Nearly 2,000 Units, Driving Consumers to Heatherdowns-Key
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$95 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Heatherdowns Key | 100% Occupied
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1971
SPRINKLERS
-
PARKING SPACES
115
LAND DETAILS
LAND ACRES
2.44 AC
LAND SF
106,286 SF
ZONING
CR
APN/PARCEL ID
21-01501
ASK ABOUT THIS PROPERTY
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419-944-3704
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419-944-3704
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