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2244 S Reynolds Rd
Toledo, OH 43614
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Below-Market Rents
- Proven Tenant Commitment Through Capital Investment and Full Building Conversion
- Well-Positioned 11-Acre Site with Large Format Building
- High-Traffic Location with Exceptional Access and Visibility
- Established Regional Retail Corridor Anchored by Top National Retailers
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee simple interest in the At Home property located at 2244 S Reynolds Road in Toledo, Ohio. At Home operates under an absolute NNN lease with zero landlord responsibilities, providing investors with a truly passive income stream. The lease features approximately five years and four months of remaining term and includes four five-year renewal options, with rent increasing by 2.00% annually throughout both the base and option periods.
The Property consists of a 111,763-square-foot retail building situated on a sizable 11.01-acre parcel. Originally constructed in 1972, the building underwent a full renovation in 2015 as part of At Home’s conversion of a former Kmart into its large-format prototype. The site benefits from excellent access and visibility directly along S Reynolds Road (23,207+ VPD) and sits just off the Ohio Turnpike (I-80/I-90), which sees more than 27,554 vehicles per day. The Property’s strategic location within a high-traffic corridor enhances its long-term real estate value and retail viability.
The Property consists of a 111,763-square-foot retail building situated on a sizable 11.01-acre parcel. Originally constructed in 1972, the building underwent a full renovation in 2015 as part of At Home’s conversion of a former Kmart into its large-format prototype. The site benefits from excellent access and visibility directly along S Reynolds Road (23,207+ VPD) and sits just off the Ohio Turnpike (I-80/I-90), which sees more than 27,554 vehicles per day. The Property’s strategic location within a high-traffic corridor enhances its long-term real estate value and retail viability.
PROPERTY FACTS In Escrow
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
111,763 SF
Building Class
C
Year Built
1972
Price
$6,114,853 CAD
Price Per SF
$54.71 CAD
Cap Rate
10%
NOI
$611,485 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
11.00 AC
Zoning
10-CRSO
Parking
318 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 07-71481 | Improvements Assessment | $2,305,393 CAD |
| Land Assessment | $329,645 CAD | Total Assessment | $2,635,038 CAD |
PROPERTY TAXES
Parcel Number
07-71481
Land Assessment
$329,645 CAD
Improvements Assessment
$2,305,393 CAD
Total Assessment
$2,635,038 CAD
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