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Advance Auto Parts 4920 Monroe St 12,500 SF Retail Building Toledo, OH 43623 $2,004,095 CAD ($160.33 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Approximately 2 Years Remaining | Corporate Signed | Scheduled Rental Increases
- Franklin Park Mall (1,349,000 SF) | Beverly Hills Plaza (96,000 SF) |Miracle Mile Plaza (498,000 SF) | Primary Retail Corridor
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• Approximately 2 years remaining with 3 (5-year) option periods to extend
• Lease is corporate signed by Advance Stores Company, Incorporated
• Features 5% rental increases at the beginning of each option period
• Lease is corporate signed by Advance Stores Company, Incorporated
• Features 5% rental increases at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Building Class
C
Year Built/Renovated
1983/2003
Price
$2,004,095 CAD
Price Per SF
$160.33 CAD
Cap Rate
7.25%
NOI
$145,249 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.58 AC
Zoning
CR - Regional Commercial
Parking
103 Spaces (8.24 Spaces per 1,000 SF Leased)
Frontage
169’ on Monroe Street
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-12194 | Improvements Assessment | $649,567 CAD |
| Land Assessment | $136,163 CAD | Total Assessment | $785,731 CAD |
Property Taxes
Parcel Number
22-12194
Land Assessment
$136,163 CAD
Improvements Assessment
$649,567 CAD
Total Assessment
$785,731 CAD
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Advance Auto Parts | 4920 Monroe St
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