6540 Centers Dr - Restaurant FOR SALE


Holland, OH 43528
$2,495,000 USD
310-691-1350
6540 Centers Dr, Holland, OH for Sale
$2,495,000 USD
Restaurant - FOR SALE
1/7
null | 6.78% Cap Rate

6540 Centers Dr
Holland, OH 43528


HIGHLIGHTS

  • Prime Outparcel to Massive Shopping Center - 800k SF Shopping Center anchored by Walmart Supercenter, Sam’s Club, and Target
  • Top Retail Trade Area in the Toledo MSA
  • Immediate Interstate Access - Close Proximity to I-475 Interchange - Primary Loop Serving Toledo’s Western Communities
  • 10% Rent Increase in Year 3 - Exceptional Cap Rate Growth to 7.47%

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., is pleased to present the opportunity to acquire the fee simple interest in a newly renovated, single-tenant, corporate-leased Mattress Firm located in Toledo (Holland), Ohio (the “Property”). The Property is secured by a long-term corporate net lease to Mattress Firm, featuring 10 years remaining on the initial 12-year term, two (2) five-year renewal options, and 10% rental increases every five years, providing durable, inflation-hedged cash flow with minimal landlord responsibilities. Situated on a large 1.05-acre parcel, the Property benefits from exceptional site fundamentals, including a parking ratio of 14.32 spaces per 1,000 square feet, offering meaningful future re-use flexibility and long-term fungibility. Formerly occupied by a restaurant operator for nearly 30 years, the building underwent a complete renovation in 2024 and was repositioned into a modern Mattress Firm prototype, resulting in a highly functional, low-maintenance retail asset. The Property is strategically positioned as a prime outparcel to the institutionally owned Spring Meadows Place, a dominant 800,000+ square foot regional retail destination anchored by best-in-class national retailers including Target, Best Buy, Dick’s Sporting Goods, HomeGoods, and TJ Maxx, and shadow-anchored by Sam’s Club (92nd percentile statewide foot traffic per Placer.ai) and Walmart Supercenter (81st percentile statewide foot traffic per Placer.ai).

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$648 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mattress Firm – Long-Term Net Lease, 7.47% Ca

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,925 SF

ZONING

C-2

APN/PARCEL ID

65-86778

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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