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503-559 S Reynolds Rd
Toledo, OH 43615 Reynolds Corners

$3,490,000 USD

Freestanding For Sale  •  35,850 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 35,850 SF
  • Lot Size 3.12 AC
  • Building Class C
  • Year Built 1984
  • Tenancy Multiple
  • Zoning CR
0 Transit Score
61 Walk Score

Highlights

Service-Oriented Center with 88% Occupancy: Long-Term, Tenured Anchor Tenants with Recent Renewals and Upside Available
Anchored by Publicly Traded FirstCash (S&P "BB") which has 3k+ Locations, Safelite (S&P “BB-”) Renewed for 5 Years and GSA Tenant with Rare NNN Lease
Attractive 8.00% CAP with Low $97/S.F. Asking Price
Strong Market with Average Household Incomes of Over $93,500 Within 5-Miles and Direct Access to Extremely Large Population Base
3.5 Miles to The University of Toledo: 17,000+ Students and 2,200+ Academic Staff/4,000+ Other Employees (Third Largest Employer in the Region)
Future NOI Growth: Many Tenants Have Annual Rental Bumps and the Converting of Gross to NNN Leases

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Waterfront

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 190
Type: Surface
Included in Rent: Yes
Dan Cooper 440-915-7902 Cooper Commercial Investment Group
Dan Cooper 440-915-7902 Cooper Commercial Investment Group