5826 Lewis Ave - Bank FOR SALE


Toledo, OH 43612- North Towne
$900,000 USD
859-321-3552
5826 Lewis Ave, Toledo, OH for Sale
$900,000 USD
Bank - FOR SALE
1/11
null | 7% Cap Rate

5826 Lewis Ave
Toledo, OH 43612
North Towne


HIGHLIGHTS

  • NNN ground Lease with PNC Bank, National Association
  • 5+ Years guaranteed investment income
  • Additional 5 year Option with rent bump

OVERVIEW

•Offered at $900,000 •.5384 AC with +/-2959 SF building & +/- 858 SF canopy with drive thru •7% cap rate •Option Exercised at $63,000 NOI (12/1/2025-11/30/2030) •Corporate Ground Lease since February 1996 •Outparcel at Alexis Park Shopping Center in Toledo, OH •One Remaining 5 year Renewal Option at $69,300 NOI (12/1/2030-11/30/2035) •NNN – Tenant reimburses Landlord monthly; reconciles at end of year. •Tenant solely responsible for improvement (roof, structure, HVAC…)

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

PNC Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

CROSS STREETS

Alexis rd

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

CR-SO

APN/PARCEL ID

23-30002

ASK ABOUT THIS PROPERTY

Christa Collins, CCIMThe Gibson CompanyMore Info
859-321-3552

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Christa Collins, CCIMThe Gibson CompanyMore Info
859-321-3552

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