4580 Monroe St | Toledo, OH 43613
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4580 Monroe St
Toledo, OH 43613
Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE
- HARD CORNER LOCATION
- INVESTMENT GRADE TENANT
Executive Summary
TD Commercial Group is pleased to exclusively represent for sale the Walgreens in Toledo, OH. The subject property is situated on a highly visible 1.6 AC
corner lot with over 60,000 VPD at the signalized 4-way intersection. The area is a strategic location for Walgreens with an abundance of hospitals and
private practices in the immediate vicinity, providing a consistent consumer base. Walgreens has operated at the location for over 20 years, performs
above the national average and has roughly 3 years remaining on their Absolute NNN lease with 5, 10-year options
corner lot with over 60,000 VPD at the signalized 4-way intersection. The area is a strategic location for Walgreens with an abundance of hospitals and
private practices in the immediate vicinity, providing a consistent consumer base. Walgreens has operated at the location for over 20 years, performs
above the national average and has roughly 3 years remaining on their Absolute NNN lease with 5, 10-year options
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,125 SF
Building Class
B
Year Built
2002
Price
$5,778,300
Price Per SF
$440
Cap Rate
7.75%
NOI
$447,818
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.60 AC
Zoning
10-CR - General Commercial
Parking
58 Spaces (4.56 Spaces per 1,000 SF Leased)
Frontage
263 FT on Monroe St
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $361,970 | |
| Land Assessment | $157,920 | Total Assessment | $519,890 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$157,920
Improvements Assessment
$361,970
Total Assessment
$519,890
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