Log In/Sign Up
Your email has been sent.
Alexis Park 920 W Alexis Rd 27,703 SF 100% Leased Retail Building Toledo, OH 43612 $3,559,596 CAD ($128.49 CAD/SF) 8.18% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied, 4-Tenant Building
- Recently Extended Lease Terms
- Strong Commercial/Retail Corridor
- 2-National Tenants Accounting for 71% of the Shopping Center
- Replaceable Rental Rates
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| 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 | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
27,703 SF
Building Class
B
Year Built/Renovated
1968/2020
Price
$3,559,596 CAD
Price Per SF
$128.49 CAD
Cap Rate
8.18%
NOI
$291,067 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.38 AC
Zoning
CR - Regional Commercial - CR - Regional Commercial
Parking
151 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
424’ on W Alexis Rd
AMENITIES
- 24 Hour Access
- Pylon Sign
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar Tree
- -
-
99,999 SF
- -
- -
- Luna's
- -
-
99,999 SF
- -
- -
- Rainbow
- -
-
99,999 SF
- -
- -
- Top Shotz
- -
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar Tree | - | 99,999 SF | - | - | ||
| Luna's | - | 99,999 SF | - | - | ||
| Rainbow | - | 99,999 SF | - | - | ||
| Top Shotz | - | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 23-30002 | Improvements Assessment | $125,840 CAD |
| Land Assessment | $10,401 CAD | Total Assessment | $136,241 CAD |
PROPERTY TAXES
Parcel Number
23-30002
Land Assessment
$10,401 CAD
Improvements Assessment
$125,840 CAD
Total Assessment
$136,241 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Alexis Park | 920 W Alexis Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.