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2936-2944 W Sylvania Ave
Toledo, OH 43613
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Occupied Retail Center | 100% leased to three established tenants: AutoZone, Family Dollar, and newly leased Glass City CrossFit.
- Attractive Return | Offering at $1,850,000 with a 9.01% Cap Rate and $166,764 NOI, providing stable cash flow from day one.
- Strong Demographics | Average household income of $71,917 within 5 miles and a population exceeding 213,000 in the same radius
- Long-Term Tenancy | Two anchor tenants (AutoZone & Family Dollar) have occupied the center for over 20 years, demonstrating strong location stability.
- Prime Toledo Retail Location | Situated along W. Sylvania Avenue with 19,000+ VPD and surrounded by strong national retailers including Kroger
- Established Credit Tenants | AutoZone, Inc. – $17.5B+ revenue, largest U.S. auto parts retailer; Family Dollar (Dollar Tree, Inc. subsidiary) – $30.6B
EXECUTIVE SUMMARY
Fully Occupied Retail Center | 100% leased to three established tenants: AutoZone, Family Dollar, and newly leased Glass City CrossFit.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
28,100 SF
Building Class
C
Year Built
1957
Price
$2,582,452 CAD
Price Per SF
$91.90 CAD
Cap Rate
9.01%
NOI
$232,789 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Slab To Slab
13’
Building FAR
0.29
Lot Size
2.23 AC
Zoning
C-25
Parking
85 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 18-86118 | Improvements Assessment | $426,426 CAD |
| Land Assessment | $92,145 CAD | Total Assessment | $518,570 CAD |
PROPERTY TAXES
Parcel Number
18-86118
Land Assessment
$92,145 CAD
Improvements Assessment
$426,426 CAD
Total Assessment
$518,570 CAD
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