Property summary
This exceptional Findlay, Ohio shopping center presents a compelling investment opportunity. Boasting 76,549 square feet, the property is 100% occupied by three national credit tenants (Best Buy, Michaels, and Michaels) under corporate guarantees, with a weighted average lease term of nearly 8 years (expiring 3/1/2032). The center enjoys a strong 8.01% cap rate and a substantial NOI of $504,764, based on an asking price of $6,300,000 ($82.30/sq ft). Built in 1962 and renovated in 1990, the single-building property sits on a 28.87-acre lot at a prime location on Tiffin Avenue, benefiting from high visibility and strong signage. The center is strategically positioned in a high-income area (average household income $105,097 within a 5-mile radius) and surrounded by major retailers, including Hobby Lobby, Gabe's, Harbor Freight, Kroger, and more. A recent approval for a significant retail development nearby is expected to further enhance the center's performance. The ample parking lot also presents a potential outlot development opportunity. This property offers a rare combination of strong tenancy, long-term leases, and significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing & Fashion Store
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Clothing & Fashion Store
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Restaurant
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(Bike/Boat/Book/etc) Store Bakery
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Electronics Vending Machine Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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