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Alexis Park 920 W Alexis Rd 24,620 SF 100% Leased Retail Building Toledo, OH 43612 $3,622,683 CAD ($147.14 CAD/SF) 7.87% Cap Rate
Investment Highlights
- 100% Occupied, 4-Tenant Building
- Recently Extended Lease Terms
- Strong Commercial/Retail Corridor
- National Tenants Accounting for 71% of the Shopping Center
- Below Market Rental Rates with Opportunity to Recapture Space
Executive Summary
100% occupied, 4-tenant retail building anchored by Dollar Tree and Rainbow Shops available for Purchase. Recent significant area development including Hibbett Sports, Auntie Ann's, Smoothie King, Cinnabon (2026), 7 Brew, Ross Dress for Less, Five Below, Michaels and Dairy Queen Grill & Chill (2024-2025).
The property benefits from multiple access points and pylon signage on 2 major roadways.
Major area retailers include Kroger, Target, Lowes and Home Depot.
Major area employer includes GM Toledo Propulsion Systems, a 2.8M SF facility with 1,750 employees. GM has invested more than $1B in the plant over the past 15 years. Also, Stellantis - Toledo Assembly Complex, a 3.6M SF facility with 5,200 employees. Stellantis recently announced a $400M investment (creating 900 jobs), in the plant to create a brand new mid-sized truck.
Traffic Count: 21,220 on Alexis Rd. (2024); 16,405 on Lewis Ave. (2024).
197,300 people, 79,525 households, average household income of $48,619 within 5 miles.
Financial data available upon qualified request.
Roof replacement scheduled for Spring 2026.
The property benefits from multiple access points and pylon signage on 2 major roadways.
Major area retailers include Kroger, Target, Lowes and Home Depot.
Major area employer includes GM Toledo Propulsion Systems, a 2.8M SF facility with 1,750 employees. GM has invested more than $1B in the plant over the past 15 years. Also, Stellantis - Toledo Assembly Complex, a 3.6M SF facility with 5,200 employees. Stellantis recently announced a $400M investment (creating 900 jobs), in the plant to create a brand new mid-sized truck.
Traffic Count: 21,220 on Alexis Rd. (2024); 16,405 on Lewis Ave. (2024).
197,300 people, 79,525 households, average household income of $48,619 within 5 miles.
Financial data available upon qualified request.
Roof replacement scheduled for Spring 2026.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$285,048
|
$11.58
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $285,048 |
| Annual Per SF | $11.58 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,620 SF
Building Class
B
Year Built/Renovated
1968/2020
Price
$3,622,683 CAD
Price Per SF
$147.14 CAD
Cap Rate
7.87%
NOI
$285,048 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.23 AC
Zoning
CR - Regional Commercial - CR - Regional Commercial
Parking
151 Spaces (6.13 Spaces per 1,000 SF Leased)
Frontage
424’ on W Alexis Rd
Amenities
- 24 Hour Access
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dollar Tree
- -
- 8,800 SF
- -
- -
- Luna's
- -
- 1,120 SF
- -
- -
- Rainbow
- -
- 8,500 SF
- -
- -
- Top Shotz
- -
- 6,200 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dollar Tree | - | 8,800 SF | - | - | ||
| Luna's | - | 1,120 SF | - | - | ||
| Rainbow | - | 8,500 SF | - | - | ||
| Top Shotz | - | 6,200 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-30008 | Improvements Assessment | $322,870 CAD (2025) |
| Land Assessment | $61,579 CAD (2025) | Total Assessment | $384,449 CAD (2025) |
Property Taxes
Parcel Number
23-30008
Land Assessment
$61,579 CAD (2025)
Improvements Assessment
$322,870 CAD (2025)
Total Assessment
$384,449 CAD (2025)
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Alexis Park | 920 W Alexis Rd
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