NNN Leased Investment
4842 Dorr St Toledo, OH
For Sale
Contact for pricing
NNN leased investment property in Toledo, OH with 15-year lease.
Property Size3,304 SF
Lot Size0.57 Acres
Price / SF$181.60
Days on Market241
Property Features for 4842 Dorr St
General Information
- Standard status
- Active
- Size
- 3,304 SF
- Lot size
- 0.57 Acres
- Property subtype
- RETAIL
Listing Agency:
SVN | Silveri Company
(616) 893-1398
Listed By:
Peter Colvin · License #6501197270
(616) 893-1398
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Silveri Company
Investment Insights
Based on property information with market context.
This NNN leased investment property is located in Toledo, OH. The property is situated on a hard corner near Inverness Club. It features a 15-year absolute triple net lease with 1.5% annual rent increases, plus renewal options. The property is leased to Costa Ten Minute Oil Change, a quick lube company with approximately 50 current locations and plans to open 250 more locations. The property previously housed an auto detail business with a tunnel car wash before being converted into a two-bay Costa Oil Change and car wash. The tunnel wash remains and generates income for the Costa Oils operator and serves their customers as well as the area residents. The property is located in a heavily populated area with over 220,000 people living within a 5-mile radius. The building size is 3,304 square feet.
Key Highlights
- 15‑year absolute triple net lease with 1.5% annual rent increases and renewal options.
- NNN leased investment property with generous cap rate and price.
- Located on a hard corner in Ottawa Hills, Toledo OH.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $10.80 |
| − Vacancy | −$2.1k | −$0.65 |
| EGI | $33.5k | $10.15 |
| − OpEx | −$8.4k | −$2.54 |
| NOI | $25.2k | $7.61 |
3,304 SF · lease $10.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 4.19%
Second Best
Retail
$307.7K
$269.3K – $359.0K
NOI $21,541 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$549.9K
$481.1K – $641.5K
NOI $38,490 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Seal Plus Auto ...
Car Wash
Car Wash
Car Wash
Costa Oil - 10 ...
Auto Repair Shop
Similar Off Market Nearby
- Hasty's Service, Inc — 4738 Dorr St, Toledo, OH 43615
- Savoy Motors — 1921 N Reynolds Rd, Toledo, OH 43615
- Rads Automotive Repair — 1629 Hess Rd, Toledo, OH 43615
- Costa Oil - 10 Minute Oil Change - Toledo Dorr St. — 4842 Dorr St, Toledo, OH 43615
- Piasecki Towing Service — Suite A, 5055 Dorr St, Toledo, OH 43615
FAQs
What type of property is this?
Auto shop - NNN leased investment property in Toledo, OH with 15-year lease.
Where is this auto shop located?
The property is located at 4842 Dorr St Toledo, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 15‑year absolute triple net lease with 1.5% annual rent increases and renewal options.; NNN leased investment property with generous cap rate and price.; Located on a hard corner in Ottawa Hills, Toledo OH.
