Property profile

309-337 Alexis Rd Toledo, OH 43612

OFF-MARKET
Lifestyle centers
19,520 SF 2.39 ac lot
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Property summary

AI-generated overview

This exceptional 19,520 square foot shopping center in Toledo, Ohio, presents a compelling investment opportunity. Boasting a 9.52% cap rate and 100% occupancy, the property features a strong mix of long-term tenants creating excellent retail synergy. Situated on 2.39 acres with over 350 feet of frontage on Alexis Road, the center benefits from high visibility and convenient access via two curb cuts and three pylon signs. Traffic counts exceed 27,000 vehicles per day (VPD), and the location is strategically positioned within half a mile of major retailers including Kroger, Target, Home Depot, Lowe's, and Pet Supplies Plus, ensuring high foot traffic. The property is zoned C-R (Regional Commercial) and includes 64 parking spaces. A new roof was installed in 2011. This multi-tenant, NNN-leased property is priced at $1,800,000 ($92.21/sq ft), offering significant value and potential for future growth. The property's prime location, strong tenant base, and high visibility make it an ideal investment for discerning buyers seeking a stable, high-performing asset in a thriving market.

Property profile

Verified
Property type Lifestyle centers
Total area 19,520 SF
Lot 2.39 ac (104,108 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

309-337 Alexis Rd Toledo, OH 43612
Toledo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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