309-337 Alexis RdToledo, OH 43612

For Sale
$1,800,000

Thriving Toledo Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 19,520 square foot shopping center in Toledo, Ohio, presents a compelling investment opportunity. Boasting a 9.52% cap rate and 100% occupancy, the property features a strong mix of long-term tenants creating excellent retail synergy. Situated on 2.39 acres with over 350 feet of frontage on Alexis Road, the center benefits from high visibility and convenient access via two curb cuts and three pylon signs. Traffic counts exceed 27,000 vehicles per day (VPD), and the location is strategically positioned within half a mile of major retailers including Kroger, Target, Home Depot, Lowe's, and Pet Supplies Plus, ensuring high foot traffic. The property is zoned C-R (Regional Commercial) and includes 64 parking spaces. A new roof was installed in 2011. This multi-tenant, NNN-leased property is priced at $1,800,000 ($92.21/sq ft), offering significant value and potential for future growth. The property's prime location, strong tenant base, and high visibility make it an ideal investment for discerning buyers seeking a stable, high-performing asset in a thriving market.

Highlights

  • 100% occupied neighborhood shopping center on Alexis Road in Toledo, OH, boasting over 27,000 vehicles per day (VPD).
  • Located within half a mile of major retailers including Kroger, Target, Home Depot, Lowe's, and Pet Supplies Plus.
  • Strong tenant mix with long-term leases providing excellent retail synergy.
  • Excellent value-add opportunity.
  • High visibility with over 350 feet of frontage on Alexis Road, three pylon signs, and dual curb cuts for convenient access.
  • New roof installed in 2011.

Property Details for 309-337 Alexis Rd

Property type
Lifestyle centers, Power centers
Square Feet
19,520 SF
Lot Size (sq. ft)
104,108 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.7212406
Longitude
-83.5544431
309-337 Alexis Rd, Toledo, Ohio

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309-337 Alexis Rd
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