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2021 S Reynolds Rd
Toledo, OH 43614 Southwyck

$1,952,980 USD

Freestanding For Sale  •  21,712 SF

Property Details

• Property Type Freestanding
• Total Building Size 21,712 SF
• Lot Size 1.92 AC
• Building Class C
• Year Built 1972
• Tenancy Single
• Zoning 10-CR

30 Transit Score

40 Walk Score

Highlights

Attractive Yield: Offered at a 7.75% cap rate with ~$151K NOI, providing strong in-place cash flow

Corporate-Backed Tenant: Lease guaranteed by Goodwill, a nationally recognized operator with over 4,000 locations and $7B+ in revenue

Recession-Resilient Use: Essential, needs-based retail with consistent traffic driven by donation and resale model

Minimal Landlord Responsibilities: NN lease structure with tenant covering majority of expenses, reducing ownership burden

Value-Add Potential: Below replacement cost (~$90/SF) with future repositioning or redevelopment upside

Accessible Midwest Market: Located in Toledo with a population of ~170K within 5 miles and solid household incomes

Property Flyers

Goodwill - Toledo, OH - APEX OM

Public Transportation

Commuter Rail	Drive	Walk	Distance
	13 min	-	7.7 mi
Airport	Drive	Walk	Distance
Eugene F Kranz Toledo Express	25 min	-	11.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	81
Type:	Surface
Included in Rent:	Yes