309-337 Alexis Rd, Toledo, OH 43612
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.
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
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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.