Talmadge Crossings 4701 Talmadge Rd

Marcus & Millichap is pleased to offer for sale Talmadge Crossings, a community shopping center located at 4701 Talmadge Avenue in Toledo, Ohio. The 61,139 square-foot center is currently 95 percent occupied by a synergistic mix of retail businesses, all operating on triple-net leases. Tenants include Home Buys, KSI Kitchen & Bath, Kava Culture, Great Clips, and others. The center features long-term occupancy with 81.5 percent of tenancy leased through 2030 and beyond.
Talmadge Crossings has an ideal location in the heart of the retail corridor in Northwest Toledo. There are over 17.8 million square feet of retail within a five-mile radius of the center. The property is adjacent to Franklin Park Mall, a 1.3 million square-foot regional shopping mall anchored by Dillard’s, Macy’s, Dick’s Sporting Goods, and JCPenney. Other large national retailers in the area include: Target, Hobby Lobby, Kohl’s, Marshalls, HomeGoods, Fresh Thyme Market, along with numerous fast casual and quick service restaurants.
The subject property is well-positioned at the corner of Talmadge Avenue and Monroe Street (36,500 Vehicles per day Combined). Monroe Street is a main arterial road connecting to both Interstate-475 (69,021 Vehicles per day) and US-23 (66,558 Vehicles per day) which lead to Downtown Toledo and Michigan. Four miles away is The University of Toledo, a public research university with over 13,950 students enrolled for the Fall 2024 semester.
Toledo hosts a major healthcare market, with multiple hospitals and medical centers surrounding the subject property. Nearby hospitals include: Mercy Health St. Anne Hospital (128 beds), Regency Hospital - Toledo (45-bed critical illness recovery hospital), ProMedica Flower Hospital (311 beds), ProMedica Wildwood Orthopaedic & Spine Hospital (42 beds), and ProMedica Toledo Hospital Campus (794 beds, Level I trauma center, largest acute care hospital in Toledo metro).
Toledo is Ohio’s fourth most-populated city, and a major Midwestern port city, boasting the fifth busiest port on the Great Lakes. The city also sits at the crossroads of major interstate highway systems and railway lines that connect it to industry across the nation. This enviable location has served the region well throughout its history, beginning with its origins as a leading glass manufacturer in the late 19th century, earning the city its nickname, “The Glass City” today. In 2021, Toledo was ranked No. 1 for new business investment by Site Selection Magazine.
Talmadge Crossings is an excellent opportunity to acquire a retail center situated in a strong retail area and major healthcare market.