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920 W Alexis Rd
Toledo, OH 43612 North Towne

$2,650,000 USD

Storefront For Sale  •  24,620 SF

Property Details

• Property Type Storefront
• Total Building Size 24,620 SF
• Lot Size 3.23 AC
• Building Class B
• Year Built 1968
• Cap Rate 7.87 %
• Tenancy Multiple
• Zoning CR - Regional Commercial

0 Transit Score

60 Walk Score

Highlights

100% Occupied, 4-Tenant Building

National Tenants Accounting for 71% of the Shopping Center

Recently Extended Lease Terms

Below Market Rental Rates with Opportunity to Recapture Space

Strong Commercial/Retail Corridor

Property Flyers

920 W Alexis Road - OM

Financials

Financial Summary (Actual)

Net Operating Income: $208,513 USD (2024)

Cap Rate:

7.87 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar Tree	8,800 SF
Luna's	1,120 SF
Rainbow	8,500 SF
Top Shotz	6,200 SF

Amenities

• 24 Hour Access
• Pylon Sign
• Signalized Intersection

Public Transportation

Commuter Rail	Drive	Walk	Distance
	15 min	-	7.2 mi
Airport	Drive	Walk	Distance
Eugene F Kranz Toledo Express	44 min	-	25.1 mi
Detroit Metro Wayne County	56 min	-	43.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	151
Type:	Surface
Included in Rent:	Yes