Log In/Sign Up
Your email has been sent.
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
$6,087,988 CAD
Price Per SF
$54.47 CAD
Cap Rate
10%
NOI
$608,799 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 | $2,288,256 CAD |
| Land Assessment | $327,195 CAD | Total Assessment | $2,615,451 CAD |
Property Taxes
Parcel Number
07-71481
Land Assessment
$327,195 CAD
Improvements Assessment
$2,288,256 CAD
Total Assessment
$2,615,451 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
