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5826 Lewis Ave
Toledo, OH 43612
 PNC Bank · Retail Property For Sale

Banks Ohio Toledo 5826 Lewis Ave, Toledo, OH 43612

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INVESTMENT HIGHLIGHTS

  • NNN ground Lease with PNC Bank, National Association
  • Additional 5 year Option with rent bump
  • 5+ Years guaranteed investment income

EXECUTIVE SUMMARY

•Offered at $850,000
•.5384 AC with +/-2959 SF building & +/- 858 SF canopy with drive thru
•7.4% cap rate
•$63,000 NOI (12/1/2025-11/30/2030)
•Corporate Ground Lease since February 1996
•Outparcel at Alexis Park Shopping Center in Toledo, OH
•One Remaining 5 year Renewal Option at $69,300 NOI (12/1/2030-11/30/2035)
•NNN – Tenant reimburses Landlord monthly; reconciles at end of year.
•Tenant solely responsible for improvement (roof, structure, HVAC…)

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Bank
Building Size
2,959 SF
Building Class
B
Year Built/Renovated
1968/1996
Price
$1,170,356 CAD
Price Per SF
$395.52 CAD
Cap Rate
7.41%
NOI
$86,744 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.54 AC
Zoning
CR-SO - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc.
Parking
26 Spaces (8.79 Spaces per 1,000 SF Leased)
Frontage
161’ on Lewis Ave

AMENITIES

  • Bus Line
  • Signage
  • Drive Thru

PROPERTY TAXES

Parcel Number 23-30002 Improvements Assessment $127,185 CAD
Land Assessment $10,512 CAD Total Assessment $137,697 CAD

PROPERTY TAXES

Parcel Number
23-30002
Land Assessment
$10,512 CAD
Improvements Assessment
$127,185 CAD
Total Assessment
$137,697 CAD
 

  • Listing ID: 37109012

  • Date on Market: 2025-08-04

  • Last Updated:

  • Address: 5826 Lewis Ave, Toledo, OH 43612

The North Towne Retail Property at 5826 Lewis Ave, Toledo, OH 43612 is currently available. Contact The Gibson Company for more information.

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