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2518 S Reynolds Rd
Toledo, OH 43614 Southwyck

$1,085,206 USD

Freestanding For Sale  •  10,542 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 10,500 SF
  • Lot Size 2 AC
  • Building Class C
  • Year Built 2012
  • Cap Rate 8.50 %
  • Tenancy Single
  • Zoning CR
0 Transit Score
57 Walk Score

Highlights

Investment-grade BBB credit tenant with corporate lease guarantee and strong financials.
±6.25 years remaining on a recently extended NN lease with three 5-year renewal options.
Annual NOI of $92,243 and an attractive 8.50% cap rate for stable cash flow.
2017 retrofit for Dollar Tree; ±10,500 SF building with modern retail infrastructure.
Prime location at HWY 20 & I-80 intersection with ±52,900 vehicles per day.
Affluent 5-mile demographics with average household income of $103,430.
Cap Rate: 8.50 %

Amenities

  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
14 min - 8.1 mi
AirportDriveWalkDistance
Eugene F Kranz Toledo Express 24 min - 11.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Josh Bishop 214-692-2289 Matthews Real Estate Investment Services
Josh Bishop 214-692-2289 Matthews Real Estate Investment Services