503-559 S Reynolds Rd - Freestanding FOR SALE
Toledo, OH 43615 |
503-559 S Reynolds Rd
Toledo, OH 43615
HIGHLIGHTS
- Service-Oriented Center with 88% Occupancy: Long-Term, Tenured Anchor Tenants with Recent Renewals and Upside Available
- Anchored by Publicly Traded FirstCash (S&P "BB") which has 3k+ Locations, Safelite (S&P “BB-”) Renewed for 5 Years and GSA Tenant with Rare NNN Lease
- Attractive 8.00% CAP with Low $97/S.F. Asking Price
- Strong Market with Average Household Incomes of Over $93,500 Within 5-Miles and Direct Access to Extremely Large Population Base
- 3.5 Miles to The University of Toledo: 17,000+ Students and 2,200+ Academic Staff/4,000+ Other Employees (Third Largest Employer in the Region)
- Future NOI Growth: Many Tenants Have Annual Rental Bumps and the Converting of Gross to NNN Leases
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Recession-Proof Neighborhood Ctr | $97/SF
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Convenience Store, Office/Residential
TOTAL BUILDING SIZE
35850
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
190
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
08-51471,08-51480
