920 W Alexis Rd - Retail FOR SALE


Toledo, OH 43612- North Towne
$2,550,000 USD
419-794-3961
920 W Alexis Rd, Toledo, OH for Sale
$2,550,000 USD
Retail - FOR SALE
1/5
null | 8.18% Cap Rate

920 W Alexis Rd
Toledo, OH 43612
North Towne


HIGHLIGHTS

  • 100% Occupied, 4-Tenant Building
  • 2-National Tenants Accounting for 71% of the Shopping Center
  • Recently Extended Lease Terms
  • Replaceable Rental Rates
  • Strong Commercial/Retail Corridor

OVERVIEW

100% occupied, 4-tenant retail building anchored by Dollar Tree and Rainbow Shops available for Purchase. Recent significant area development including Hibbett Sports, Auntie Ann's, Smoothie King, Cinnabon (2026), 7 Brew, Ross Dress for Less, Five Below, Michaels and Dairy Queen Grill & Chill (2024-2025). The property benefits from multiple access points and pylon signage on 2 major roadways. Major area retailers include Kroger, Target, Lowes and Home Depot. Major area employer includes GM Toledo Propulsion Systems, a 2.8M SF facility with 1,750 employees. GM has invested more than $1B in the plant over the past 15 years. Also, Stellantis - Toledo Assembly Complex, a 3.6M SF facility with 5,200 employees. Stellantis recently announced a $400M investment (creating 900 jobs), in the plant to create a brand new mid-sized truck. Traffic Count: 21,220 on Alexis Rd. (2024); 16,405 on Lewis Ave. (2024). 197,300 people, 79,525 households, average household income of $48,619 within 5 miles. Financial data available upon qualified request.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

8.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alexis Park

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

151

LAND DETAILS

LAND ACRES

3.38 AC

LAND SF

147,233 SF

ZONING

CR - Regional Commercial

APN/PARCEL ID

23-30002

ASK ABOUT THIS PROPERTY

Ryan MillerReichle | Klein GroupMore Info
419-794-3961

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Ryan MillerReichle | Klein GroupMore Info
419-794-3961

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