7311 Crossleigh Court Toledo, OH 43617

This property features a 14,076-square-foot freestanding building in Toledo, Ohio, currently leased to Morgan Stanley under a net lease agreement. The lease, corporately guaranteed by Morgan Stanley, extends to April 2028, with three five-year renewal options at fair market value. Landlord responsibilities are minimal, encompassing only roof and structure maintenance. The property is situated within a desirable business park, benefiting from a strong tenant association where dues are reimbursed by the tenant. Operating expenses (excluding property taxes) are also reimbursed by the tenant, subject to a 3.5% annual cap on increases. The 0.32-acre lot offers a stable investment prospect with a long-term, creditworthy tenant. This location has access to Interstate 475 (94,720 vehicles per day) and is close to Central Avenue (32,715 vehicles per day). Central Avenue features businesses including Lowe's Home Improvement, Arby's, Take 5 Oil Change, Taco Bell, Meijer Pharmacy, Pet Supplies Plus, and Advance Auto Parts. The surrounding area demonstrates demographics, with 105,267 residents and an average household income of $113,000 within a three-mile radius.