Six-Property NNN Commercial
For Sale
$4,900,000
319 South Detroit Avenue, Toledo, OH 43609
Fully occupied Midwest portfolio with single- and multi-tenant commercial buildings across Ohio and Michigan.
Property Size21,618 SF
Price / SF$226.56
Days on Market115
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Property Features for 319 South Detroit Avenue
General Information
Standard status
Active
Size
21,618 SF
Property subtype
Retail - Street Retail
Occupancy
100%
Building Details
Building Size
21,618 SF
Buildings
6
Tenancy
Multi
Listing Agency:
SVN | Ascension Commercial Realty
Listed By:
Mike Scannell · License #292744
(419) 351-4918
Source:
Commercialcafe
Added: Jun 23
Changed: Sep 30
Last Checked: Oct 14 at 8:44PM
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 six-building commercial portfolio totals 21,628 SF across Ohio and Michigan. The assets include five single-tenant buildings and one multi-tenant building, with all properties leased under NNN structures. PT Link is the primary tenant throughout the portfolio, and the leases include rent increases every two years.
The properties are distributed among Toledo, Fostoria, Carey, and New Carlisle in Ohio, plus Tecumseh and Monroe in Michigan. The portfolio includes assets in both primary and secondary markets, providing a multi-market ownership structure across Northwest Ohio and Southeast Michigan. One property is located at 319 South Detroit Avenue in Toledo, OH 43609.
The properties are distributed among Toledo, Fostoria, Carey, and New Carlisle in Ohio, plus Tecumseh and Monroe in Michigan. The portfolio includes assets in both primary and secondary markets, providing a multi-market ownership structure across Northwest Ohio and Southeast Michigan. One property is located at 319 South Detroit Avenue in Toledo, OH 43609.
Key Highlights
- Six‑property commercial portfolio totaling 21,628 SF
- 100% occupied across five single‑tenant and one multi‑tenant building
- All properties carry NNN lease structures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,009
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,820,180
$2.8M
Cap Rate 7%
$2,014,414
$2.0M
Cap Rate 9%
$1,566,767
$1.6M
Market Conditions
NOI Build-Up for 21,628 SF
Gross rent
$218.0K $10.08/SF
− Vacancy
−$16.6K −$0.77/SF
EGI
$201.4K $9.31/SF
− OpEx
−$60.4K −$2.79/SF
NOI
$141.0K $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%
$2,820,180
Cap Rate 7%
$2,014,414
Cap Rate 9%
$1,566,767
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.35M
NOI $141,009 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $251,958 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 43609, OH
20,519
Population
10,272
Households
2
Avg Household Size
34
Median Age
11%
College-Educated
79%
High-School Grad
4.8 sq mi
ZIP Area
4,275
Density / Sq Mi
$42,510
Median Household Income
$32,819
Median Earnings
$913
Median Rent
$58,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied Midwest portfolio with single- and multi-tenant commercial buildings across Ohio and Michigan.
Where is this nnn property located?
The property is located at 319 South Detroit Avenue Toledo, OH.
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 totaling 21,628 SF; 100% occupied across five single‑tenant and one multi‑tenant building; All properties carry NNN lease structures
