4011 Secor Rd Toledo, OH 43623
- Lifestyle centers
- 15,500 SF
Current Use by Public Records
- Cash Plus / Financial Institution / Loan Agency
- Eric Hohenberger, OD / Optician / Optometrist
- Three Amigos Optical / Optician
- D. Levine / Optometrist
- Michael A. Cooper, OD / Optometrist
Property Details for 4011 Secor Rd
- Property size
- 15,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 15,500 square foot shopping center in Toledo, Ohio, presents a compelling investment opportunity. Located at 4011-4015 Secor Road, this multi-tenant property boasts 100% occupancy with established, long-term tenants demonstrating strong commitment to the area. The property features ample parking (90 paved spaces) and excellent accessibility via three curb cuts. High traffic counts (20,950 vehicles per day) on Secor Road, combined with prominent frontage on both Secor Road and Sylvania Avenue, ensure significant visibility. The strong demographics are further supported by a population of 104,218 within a 3-mile radius, and the property benefits from proximity to major businesses including Mercy Health/St. Anne Hospital, Toledo Clinic, Rite Aid, Walgreens, Kroger, and Best Buy. The property is offered at $2,575,000, with a pro-forma cap rate of 7.55%. The lease type is NNN. Below-market rents suggest potential for increased returns. This is a rare opportunity to acquire a well-positioned, fully occupied retail investment property in a thriving Toledo location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6233
- Latitude
- 41.6923
