Absolute NNN Retail
For Sale
$530,526
1390 W Sylvania Ave, Toledo, OH 43612
Single-tenant retail investment with an absolute triple net lease and added covered service space.
Property Size2,616 SF
Days on Market53
Property Features for 1390 W Sylvania Ave
General Information
Standard status
Active
Size
2,616 SF
Property subtype
Retail
Building Details
Building Size
2,616 SF
Year Built
1940
Listing Agency:
SVN Ascension Commercial Realty
Listed By:
Rami Sebai · License #OH #SAL.2021006201
(419) 377-0797
Source:
Svn
Added: Aug 24
Changed: Oct 1
Last Checked: Oct 12 at 6:27PM
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 Ascension Commercial Realty
Investment Insights
Based on property information with market context.
This 2,616 SF single-tenant retail property occupies 0.26 acres and is leased to Schaad's Auto Service and Towing. The absolute NNN structure places taxes, insurance, and CAM obligations directly with the tenant, leaving no landlord expense or management responsibility. The lease has a five-year term and includes one (1) five-year renewal option.
A 900 SF metal pole barn added in 2017 provides covered storage or workshop space alongside the primary building. The property also includes five overhead doors, cameras and a security system, pylon and monument signage, and two in-ground hydraulic post lifts.
The site is positioned at the signalized convergence of Sylvania, Lewis, and Philips Ave, just over one mile from I-75 and Hwy-24. Nearby small-format retail and food-service operators include Pizza Hut, Marco's Pizza, McDonald's, and Taco Bell, with access to downtown Toledo and the Michigan border.
A 900 SF metal pole barn added in 2017 provides covered storage or workshop space alongside the primary building. The property also includes five overhead doors, cameras and a security system, pylon and monument signage, and two in-ground hydraulic post lifts.
The site is positioned at the signalized convergence of Sylvania, Lewis, and Philips Ave, just over one mile from I-75 and Hwy-24. Nearby small-format retail and food-service operators include Pizza Hut, Marco's Pizza, McDonald's, and Taco Bell, with access to downtown Toledo and the Michigan border.
Key Highlights
- 2,616 SF single‑tenant retail property on 0.26 acres
- 100% leased to Schaad's Auto Service and Towing
- Absolute NNN lease; tenant pays 100% of taxes, insurance, and CAM directly
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,056
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,120
$341.1K
Cap Rate 7%
$243,657
$243.7K
Cap Rate 9%
$189,511
$189.5K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$26.4K $10.08/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$24.4K $9.31/SF
− OpEx
−$7.3K −$2.79/SF
NOI
$17.1K $6.52/SF
Area
Toledo, OH
Vacancy
7.60%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,120
Cap Rate 7%
$243,657
Cap Rate 9%
$189,511
Alternative Uses
Best Use
Retail
$243.7K
$213.2K – $284.3K
NOI $17,056 @ 7.0% cap · market cap 3.21%
Second Best
Industrial
$226.7K
$198.4K – $264.5K
NOI $15,869 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$435.4K
$380.9K – $507.9K
NOI $30,475 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 20%
McDonald's
Dining
14,656 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,328 visits/mo
0.3 miles
SUBWAY
Dining
3,213 visits/mo
0.5 miles
Pizza Hut
Dining
2,047 visits/mo
0.3 miles
Marco's Pizza
Dining
1,507 visits/mo
0.2 miles
Demographics for 43612, OH
29,718
Population
13,409
Households
2.2
Avg Household Size
35
Median Age
13%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
2,584
Density / Sq Mi
$50,484
Median Household Income
$33,770
Median Earnings
$976
Median Rent
$89,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant retail investment with an absolute triple net lease and added covered service space.
Where is this nnn property located?
The property is located at 1390 W Sylvania Ave Toledo, OH.
What is the asking price?
The asking price for this property is $530,526.
What are key features of this property?
This property features: 2,616 SF single‑tenant retail property on 0.26 acres; 100% leased to Schaad's Auto Service and Towing; Absolute NNN lease; tenant pays 100% of taxes, insurance, and CAM directly
