905 South AveToledo, OH 43609

For Sale
$640,000

High-traffic location, strong NOI, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 1,177 square foot gas station and convenience store presents a lucrative investment opportunity in Toledo, Ohio. Located at 905 South Ave, this single-tenant property boasts a 100% occupancy rate with a current NNN lease in place, offering a 7.50% cap rate and a strong net operating income (NOI) of $48,000. The property sits on a 0.13-acre lot and includes eight gas pumps, ensuring high potential for revenue generation. Built in 1968, the single-story building offers 1,177 square feet of net rentable space, priced at $543.76 per square foot. The asking price is $640,000. The lease features annual rent bumps of 3%, providing consistent growth and long-term value. This owner/user opportunity is ideal for an investor seeking a stable, high-performing asset in a prime location with significant traffic volume (10,829 vehicles per day). The current lease has 5 years remaining. This is a turnkey operation ready for immediate income generation.

Highlights

  • 1,177 SF gas station & convenience store in Toledo, OH, on a 0.13-acre lot.
  • 100% occupancy with a 5-year NNN lease, 3% annual rent increases, and a 7.50% cap rate.
  • $640,000 asking price ($543.76/SF), generating a $48,000 NOI.
  • Eight gas pumps, high traffic count (10,829 VPD), and turnkey operation.

Property Details for 905 South Ave

Property type
Other retail properties, Automotive properties
Square Feet
1,177 SF
Year Built
1968
Buildings
1
Stories
1
Lot Size (sq. ft)
5,663 SF
Units
1

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.630617116954
Longitude
-83.562537130512
905 South Ave, Toledo, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
905 South Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message