Single-Tenant NNN Restaurant
New
For Sale
$631,579
1740 W Sylvania Ave, Toledo, OH 43613
Remodeled restaurant and bar with dual curb cuts, monument and fascia signage, and rear delivery access.
Property Size5,352 SF
Lot Size1.00 Acre
Price / SF$118.45
Days on Market6
Property Features for 1740 W Sylvania Ave
General Information
Standard status
Active
Size
5,352 SF
Lot size
1.00 Acre
Property subtype
Retail
Occupancy
100%
Site & Location
Frontage
175 ft
Pylon Signage
Yes
Highway Access
Yes
Road Access
Yes
Amenities
security cameras
alarm system
delivery area
Building Details
Building Size
5,352 SF
Year Built
1957
Year Renovated
2019
Tenancy
Single
Listing Agency:
SVN Ascension
(419) 377-0797
Listed By:
Rami Sebai · License #OH #SAL.2021006201
(419) 377-0797
Source:
Svn
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 29 at 10:46AM
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
Investment Insights
Based on property information with market context.
This single-tenant NNN restaurant property contains 5,332 SF on approximately 1 acre. Originally built in 1957, the building underwent a full remodel in 2019 followed by additional updates in 2022. The improvements include a restaurant and bar layout, kitchen-area delivery access, security cameras, and an alarm system. Monument and fascia signage are available.
The property has 175 feet of frontage on W Sylvania Avenue, with two curb cuts serving both W Sylvania Ave and Tremainsville Rd. W Sylvania Avenue is a signalized east-west commercial corridor connecting north Toledo with Sylvania. The Promedica Parkway interchange with I-475 is just over one mile south, linking the property to I-75 and the broader Toledo highway network.
Factory Bar & Grill occupies the building under a NNN lease. The current term is ten years, with a ten-year renewal option in place. Tenant responsibilities include taxes, insurance, utilities, and maintenance; landlord obligations are limited to the roof and structure.
The property has 175 feet of frontage on W Sylvania Avenue, with two curb cuts serving both W Sylvania Ave and Tremainsville Rd. W Sylvania Avenue is a signalized east-west commercial corridor connecting north Toledo with Sylvania. The Promedica Parkway interchange with I-475 is just over one mile south, linking the property to I-75 and the broader Toledo highway network.
Factory Bar & Grill occupies the building under a NNN lease. The current term is ten years, with a ten-year renewal option in place. Tenant responsibilities include taxes, insurance, utilities, and maintenance; landlord obligations are limited to the roof and structure.
Key Highlights
- 5,332 SF single‑tenant restaurant/bar property on approximately 1 acre
- 100% leased to Factory Bar & Grill under a NNN structure
- Built in 1957; fully remodeled in 2019 with additional updates in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,598
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$811,960
$812.0K
Cap Rate 7%
$579,971
$580.0K
Cap Rate 9%
$451,089
$451.1K
Market Conditions
NOI Build-Up for 5,332 SF
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.
Gross rent
$57.6K $10.80/SF
− Vacancy
−$3.5K −$0.65/SF
EGI
$54.1K $10.15/SF
− OpEx
−$13.5K −$2.54/SF
NOI
$40.6K $7.61/SF
Area
Toledo, OH
Vacancy
6.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$811,960
Cap Rate 7%
$579,971
Cap Rate 9%
$451,089
Alternative Uses
Best Use
Specialty Retail
$580.0K
$507.5K – $676.6K
NOI $40,598 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$887.4K
$776.5K – $1.04M
NOI $62,116 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
16,277 visits/mo
0.1 miles
Dollar General
Shops & Services
8,612 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,007 visits/mo
0.4 miles
Demographics for 43613, OH
32,116
Population
14,376
Households
2.2
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
5,265
Density / Sq Mi
$63,425
Median Household Income
$41,877
Median Earnings
$895
Median Rent
$125,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Remodeled restaurant and bar with dual curb cuts, monument and fascia signage, and rear delivery access.
Where is this nnn property located?
The property is located at 1740 W Sylvania Ave Toledo, OH.
What is the asking price?
The asking price for this property is $631,579.
What are key features of this property?
This property features: 5,332 SF single‑tenant restaurant/bar property on approximately 1 acre; 100% leased to Factory Bar & Grill under a NNN structure; Built in 1957; fully remodeled in 2019 with additional updates in 2022
