Leased Retail
5033 Monroe St, Toledo, OH 43623
For Sale
Contact for pricing
Retail storefront offering current Petco tenancy through April 30, 2027 with extensive frontage and pylon signage.
Property Size22,009 SF
Price / SF$124.95
Days on Market125
Property Features for 5033 Monroe St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
SVN Ascension
(419) 540-8888
Listed By:
Rami Sebai · License ##SAL.2021006201
(419) 377-0797
Source:
Moodyscre
Added: Jul 6
Changed: Nov 7
Last Checked: Nov 6 at 5:52AM
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
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Investment Insights
Based on property information with market context.
This leased retail storefront is currently occupied by Petco, a national credit tenant, with lease term extending through April 30, 2027. Prospective buyers may have the opportunity to negotiate a renewal. Tenant net expense information is available upon request.
The property provides strong visibility with pylon and fascia signage, supported by a combined 250 feet of frontage along Talmadge Rd and Monroe St.
The asset is offered for sale as a retail space with ongoing tenant occupancy and dedicated retail frontage.
The property provides strong visibility with pylon and fascia signage, supported by a combined 250 feet of frontage along Talmadge Rd and Monroe St.
The asset is offered for sale as a retail space with ongoing tenant occupancy and dedicated retail frontage.
Key Highlights
- Currently leased to Petco (national credit tenant) through April 30, 2027; buyer may negotiate a renewal
- Retail storefront with 250 ft of total frontage along Talmadge Rd and Monroe St
- Excellent visibility with pylon and fascia signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,493
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,869,860
$2.9M
Cap Rate 7%
$2,049,900
$2.0M
Cap Rate 9%
$1,594,367
$1.6M
Market Conditions
NOI Build-Up for 22,009 SF
Gross rent
$221.9K $10.08/SF
− Vacancy
−$16.9K −$0.77/SF
EGI
$205.0K $9.31/SF
− OpEx
−$61.5K −$2.79/SF
NOI
$143.5K $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%
$2,869,860
Cap Rate 7%
$2,049,900
Cap Rate 9%
$1,594,367
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,493 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,396 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
874k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Apparel 31%
Shops & Services 21%
Groceries 2%
DICK'S Sporting Goods
Apparel
101,399 visits/mo
0.3 miles
Kohl's
Apparel
78,232 visits/mo
0.4 miles
Chick-fil-A
Dining
54,904 visits/mo
0.4 miles
JCPenney
Apparel
49,131 visits/mo
0.3 miles
Panda Express
Dining
38,915 visits/mo
0.3 miles
Demographics for 43623, OH
20,320
Population
10,056
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
6.7 sq mi
ZIP Area
3,033
Density / Sq Mi
$65,908
Median Household Income
$40,496
Median Earnings
$933
Median Rent
$167,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Toledo, OH
Properties on Market for Storefront properties in Toledo
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Premier Sympathy Flowers — 4150 w laskey rd, toledo, oh 43623
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront offering current Petco tenancy through April 30, 2027 with extensive frontage and pylon signage.
Where is this storefront property located?
The property is located at 5033 Monroe St Toledo, OH.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Currently leased to Petco (national credit tenant) through April 30, 2027; buyer may negotiate a renewal; Retail storefront with 250 ft of total frontage along Talmadge Rd and Monroe St; Excellent visibility with pylon and fascia signage
