Automotive Property For
3325 Libbey Rd, Perrysburg, OH 43551
For Sale
$2,753,200
Automotive property available for sale with contractual 2% increases and 12 years remaining.
Property Size34,430 SF
Price / SF$79.97
Days on Market145
Property Features for 3325 Libbey Rd
General Information
Standard status
Size
Property subtype
Amenities
• Corporate Lease with The W.W. Williams Company, LLC - One of the Largest Commercial Truck Repair Companies in the U.S
• Long Term Absolute NNN Lease | Zero LL Responsibilities - Annual 2% Increases| 12 Years of Term Remaining
• Tenant Acquired by Brightstar Capital Partners in 2025 - Large Private Equity Firm with Over $5B in Assets Under Management
• High-Density Truck Corridor Drives Customer Demand - Adjacent to TA & Pilot Travel Centers along I-75 & the Ohio Turnpike
• Longstanding Operation as a Truck Repair Facility - Established Market Presence with Limited Area Competition
• Large 5.87-Acre Parcel | Ample Outdoor Storage - Accommodates Commercial Vehicle Staging, Parking, Service Operations
• Surrounded Tenants Create Operational Synergies - FedEx, Walgreens, Amazon & First Solar in the Immediate Trade Area
• Close Proximity to Key Transportation Nodes - 4 Miles to Toledo Executive Airport | 13 Miles to Downtown Toledo
Building Details
Building Size
Year Built
Listing Agency:
Orlando Office
Listed By:
Rory Shelby · License #License(s): FL: SL3343473
(407) 557-3861
Source:
Marcusmillichap
Added: Jun 16
Changed: Nov 4
Last Checked: Nov 6 at 5:09AM
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 Orlando Office
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Investment Insights
Based on property information with market context.
This offering is an automotive-focused commercial property categorized as an auto shop/automotive real estate asset. The information provided describes the deal structure and remaining term rather than specific unit layouts or building features, so potential purchasers should review all underwriting and physical details as part of their due diligence.
The property is located at 3325 Libbey Rd in Perrysburg, Ohio 43551. The seller’s public remarks indicate a lease-related framework that includes 2% increases and 12 years remaining, which can be a key consideration for investors and owner-operators evaluating stability and long-range planning.
For buyers, the clearest practical takeaway is the built-in contractual payment escalator and remaining duration referenced in the remarks. That combination may appeal to those looking to acquire an automotive property with defined lease-term runway while planning for future occupancy or transition. Prospective purchasers should confirm how the increases apply, review the lease documents, and assess the property’s condition and suitability for the intended automotive use during due diligence.
The property is located at 3325 Libbey Rd in Perrysburg, Ohio 43551. The seller’s public remarks indicate a lease-related framework that includes 2% increases and 12 years remaining, which can be a key consideration for investors and owner-operators evaluating stability and long-range planning.
For buyers, the clearest practical takeaway is the built-in contractual payment escalator and remaining duration referenced in the remarks. That combination may appeal to those looking to acquire an automotive property with defined lease-term runway while planning for future occupancy or transition. Prospective purchasers should confirm how the increases apply, review the lease documents, and assess the property’s condition and suitability for the intended automotive use during due diligence.
Key Highlights
- Automotive property for sale
- Built in 1977
- Contractual 2% increases with 12 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,713
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,254,260
$4.3M
Cap Rate 7%
$3,038,757
$3.0M
Cap Rate 9%
$2,363,478
$2.4M
Market Conditions
NOI Build-Up for 34,430 SF
Gross rent
$326.4K $9.48/SF
− Vacancy
−$22.5K −$0.65/SF
EGI
$303.9K $8.83/SF
− OpEx
−$91.2K −$2.65/SF
NOI
$212.7K $6.18/SF
Area
Wood County, OH
Vacancy
6.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,254,260
Cap Rate 7%
$3,038,757
Cap Rate 9%
$2,363,478
Alternative Uses
Best Use
Industrial
$3.04M
$2.66M – $3.55M
NOI $212,713 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$1.94M
$1.70M – $2.27M
NOI $136,045 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$8.02M
$7.02M – $9.36M
NOI $561,369 @ 7.0% cap · market cap 20.39%
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
47
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 43551, OH
43,235
Population
19,434
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
97%
High-School Grad
77.6 sq mi
ZIP Area
557
Density / Sq Mi
$91,460
Median Household Income
$58,846
Median Earnings
$1,185
Median Rent
$284,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Shrader Tire & Oil — 3511 Genoa Rd, Perrysburg, OH 43551
- Conlan Tire — 3423 Genoa Rd, Perrysburg, OH 43551
- TA Truck Service — 3483 Libbey Rd, Perrysburg, OH 43551
- TA Travel Center — 3483 Libbey Rd, Perrysburg, OH 43551
- W.W. Williams — 3325 Libbey Rd, Perrysburg, OH 43551
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property available for sale with contractual 2% increases and 12 years remaining.
Where is this auto shop located?
The property is located at 3325 Libbey Rd Perrysburg, OH.
What is the asking price?
The asking price for this property is $2,753,200.
What are key features of this property?
This property features: Automotive property for sale; Built in 1977; Contractual 2% increases with 12 years remaining
