8310 Sylvania-Metamora Rd Sylvania, OH 43560
This exceptional retail property presents a unique investment opportunity. Located in Sylvania, Ohio, at the intersection of Sylvania-Metamora Road and Centennial Road, this former Rite Aid drugstore offers 14,564 square feet of space in a freestanding building on a sizable 2.56-acre lot. Built in 2007, the single-story structure features a convenient drive-through window. The property is currently vacant, having been occupied by Rite Aid for seventeen years until its recent closure. The site benefits from a high-traffic location, sharing the intersection with established businesses such as Metamora State Bank, S&G/Sunoco, and Centennial Terrace. Sylvania, a northwest suburb of Toledo, boasts a population of approximately 20,000 residents and is part of the Toledo MSA, with a population of 509,000. This prime location, situated in a predominantly residential area with limited drugstore competition, offers significant potential for a variety of retail uses, including grocery, general retail, home goods, childcare, or a convenience store/car wash. The property is available for sale or lease, offering a flexible investment option with a corporate guaranteed lease history. The absolute NNN lease structure provides a low-maintenance investment opportunity. This is a rare chance to acquire a well-located, substantial retail building in a thriving community.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.