Multi-Tenant Retail Building with
For Sale
Contact for pricing
920 W Alexis Rd, Toledo, OH 43612
100% occupied four-tenant retail building anchored by Dollar Tree and Rainbow Shops.
Property Size27,703 SF
Price / SF$95.66
Days on Market237
Property Features for 920 W Alexis Rd
General Information
Standard status
Active
Size
27,703 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Traffic Count
21,220 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Reichle | Klein Group
(419) 346-5826
Listed By:
Duke Wheeler · License #2011003129
(419) 346-5826
Source:
Moodyscre
Added: Dec 5, 2025
Changed: Jul 25
Last Checked: Jul 25 at 6:10AM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
For sale is a 4-tenant retail building at 920 W Alexis Rd, Toledo, OH 43612. The center is 100% occupied and anchored by Dollar Tree and Rainbow Shops, supported by additional in-line tenants.
The property offers multiple access points and includes pylon signage on two major roadways. Area development in recent years has brought retailers such as Hibbett Sports, Auntie Ann’s, Smoothie King, Cinnabon, 7 Brew, Ross Dress for Less, Five Below, Michaels, and Dairy Queen Grill & Chill (2024–2025), following additional broader regional growth. Major retailers in the area include Kroger, Target, Lowes, and Home Depot.
Traffic counts reported for 2024 include 21,220 vehicles on Alexis Rd and 16,405 vehicles on Lewis Ave. Within 5 miles, the area includes 197,300 people across 79,525 households with an average household income of $48,619. GM Toledo Propulsion Systems (2.8M SF) and Stellantis – Toledo Assembly Complex (3.6M SF) are the major area employers, with Stellantis recently announcing a $400M investment creating 900 jobs. Financial information is available upon qualified request.
The property offers multiple access points and includes pylon signage on two major roadways. Area development in recent years has brought retailers such as Hibbett Sports, Auntie Ann’s, Smoothie King, Cinnabon, 7 Brew, Ross Dress for Less, Five Below, Michaels, and Dairy Queen Grill & Chill (2024–2025), following additional broader regional growth. Major retailers in the area include Kroger, Target, Lowes, and Home Depot.
Traffic counts reported for 2024 include 21,220 vehicles on Alexis Rd and 16,405 vehicles on Lewis Ave. Within 5 miles, the area includes 197,300 people across 79,525 households with an average household income of $48,619. GM Toledo Propulsion Systems (2.8M SF) and Stellantis – Toledo Assembly Complex (3.6M SF) are the major area employers, with Stellantis recently announcing a $400M investment creating 900 jobs. Financial information is available upon qualified request.
Key Highlights
- 100% occupied 4‑tenant retail building anchored by Dollar Tree and Rainbow Shops
- Multiple access points plus pylon signage on 2 major roadways
- Traffic count of 21,220 on Alexis Rd. (2024) and 16,405 on Lewis Ave. (2024)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.2k | $10.08 |
| − Vacancy | −$21.2k | −$0.77 |
| EGI | $258.0k | $9.31 |
| − OpEx | −$77.4k | −$2.79 |
| NOI | $180.6k | $6.52 |
27,703 SF · lease $10.08/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,616 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.03M – $5.38M
NOI $322,729 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21,220 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
105k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 66%
Shops & Services 17%
Dining 15%
Home Improvements & Furnishings 1%
Target
Superstores
69,162 visits/mo
0.5 miles
Applebee's
Dining
8,539 visits/mo
0.4 miles
Sunoco
Shops & Services
7,118 visits/mo
0.2 miles
Dollar General
Shops & Services
3,887 visits/mo
0.4 miles
SUBWAY
Dining
3,761 visits/mo
0.2 miles
Demographics for 43612, OH
29,718
Population
13,409
Households
2.2
Avg Household Size
35
Median Age
13%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
2,584
Density / Sq Mi
$50,484
Median Household Income
$33,770
Median Earnings
$976
Median Rent
$89,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- North Towne Commons — 851 W Alexis Rd, Toledo, OH 43612
- Coinstar Kiosk | Bitcoin ATM — Kroger - Columbus, 833 W Alexis Rd, Toledo, OH 43612
- Alexis Park Shopping Center — 5860 Lewis Ave, Toledo, OH 43612
Frequently Asked Questions
What type of property is this?
Shopping center - 100% occupied four-tenant retail building anchored by Dollar Tree and Rainbow Shops.
Where is this shopping center located?
The property is located at 920 W Alexis Rd Toledo, OH.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 100% occupied 4‑tenant retail building anchored by Dollar Tree and Rainbow Shops; Multiple access points plus pylon signage on 2 major roadways; Traffic count of 21,220 on Alexis Rd. (2024) and 16,405 on Lewis Ave. (2024)
