Six-Property NNN
For Sale
Contact for pricing
14576 S Dixie Hwy, Monroe, MI 48161
Fully occupied commercial portfolio with single- and multi-tenant buildings under NNN lease structures across Ohio and Michigan.
Property Size21,618 SF
Price / SF$226.66
Days on Market120
Property Features for 14576 S Dixie Hwy
General Information
Standard status
Active
Size
21,618 SF
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Building Details
Buildings
6
Tenancy
Multi
Listing Agency:
SVN Ascension Commercial Realty
Listed By:
Mike Scannell · License #OH 292744
(419) 351-4918
Source:
Crexi
Added: Jun 18
Changed: Oct 15
Last Checked: Oct 14 at 9:42PM
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
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Investment Insights
Based on property information with market context.
This six-property commercial portfolio includes five single-tenant buildings and one multi-tenant building. All properties are fully occupied and operate under NNN lease structures. PT Link serves as the primary tenant across the portfolio, with biennial rent increases incorporated into the leases.
The properties are distributed across Toledo, Fostoria, Carey, and New Carlisle in Ohio, along with Tecumseh and Monroe in Michigan. The Monroe asset is located at 14576 S Dixie Hwy, Monroe, MI 48161. Together, the portfolio provides an established group of commercial properties with consistent tenant presence across Northwest Ohio and Southeast Michigan markets.
The properties are distributed across Toledo, Fostoria, Carey, and New Carlisle in Ohio, along with Tecumseh and Monroe in Michigan. The Monroe asset is located at 14576 S Dixie Hwy, Monroe, MI 48161. Together, the portfolio provides an established group of commercial properties with consistent tenant presence across Northwest Ohio and Southeast Michigan markets.
Key Highlights
- Six‑property commercial portfolio spanning Ohio and Michigan
- 100% occupied across the portfolio
- Five single‑tenant buildings and one multi‑tenant building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,245
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,804,900
$4.8M
Cap Rate 7%
$3,432,071
$3.4M
Cap Rate 9%
$2,669,389
$2.7M
Market Conditions
NOI Build-Up for 21,618 SF
Gross rent
$381.3K $17.64/SF
− Vacancy
−$61.0K −$2.82/SF
EGI
$320.3K $14.82/SF
− OpEx
−$80.1K −$3.70/SF
NOI
$240.2K $11.11/SF
Area
Monroe County, MI
Vacancy
16.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,804,900
Cap Rate 7%
$3,432,071
Cap Rate 9%
$2,669,389
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.00M
NOI $240,245 @ 7.0% cap · market cap 4.90%
Second Best
Healthcare Medical
$2.50M
$2.19M – $2.92M
NOI $175,106 @ 7.0% cap · market cap 3.57%
Theoretical Best
Warehouse
$22.30M
$19.51M – $26.01M
NOI $1,560,736 @ 7.0% cap · market cap 31.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 48161, MI
26,571
Population
12,015
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
44.8 sq mi
ZIP Area
593
Density / Sq Mi
$65,517
Median Household Income
$40,184
Median Earnings
$955
Median Rent
$173,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied commercial portfolio with single- and multi-tenant buildings under NNN lease structures across Ohio and Michigan.
Where is this nnn property located?
The property is located at 14576 S Dixie Hwy Monroe, MI.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Six‑property commercial portfolio spanning Ohio and Michigan; 100% occupied across the portfolio; Five single‑tenant buildings and one multi‑tenant building
