4920 Monroe St - Freestanding FOR SALE


Toledo, OH 43623- Franklin Park
$1,466,000 USD
480-221-4221
4920 Monroe St, Toledo, OH for Sale
$1,466,000 USD
Freestanding - FOR SALE
1/6
null | 7.25% Cap Rate

4920 Monroe St
Toledo, OH 43623
Franklin Park


HIGHLIGHTS

  • Approximately 2 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Franklin Park Mall (1,349,000 SF) | Beverly Hills Plaza (96,000 SF) |Miracle Mile Plaza (498,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• Approximately 2 years remaining with 3 (5-year) option periods to extend • Lease is corporate signed by Advance Stores Company, Incorporated • Features 5% rental increases at the beginning of each option period

FOR SALE DETAILS

PRICE

$1,466,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

CR

APN/PARCEL ID

22-12194

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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