106 E Alexis Rd
Toledo, OH 43612
Sherwin Williams · Retail Property For Sale

Cambridge Capital Advisors, in Association with Formco Realty, LLC (OH License#: 2002015704), has been exclusively retained to market for sale the fee simple interest in the Sherwin Williams located at 106 East Alexis Road, Toledo, OH. Built in 1987, this free-standing, single tenant, double-net (NN), retail property consists of a 5,000 SF building sited on a 0.98 acre lot. The lease, recently extended for a 5 year term with two (2) five year options, is backed by Sherwin Williams' corporate guarantee. Each option period offers a ten percent (10%) rental increase which stands to provide the investor with a hedge against future inflation. Landlord responsibilities under the NN lease include roof and structure. These Landlord responsibilities are minimal as the roof which was installed in 2008 has a warranty in place until 2023. In addition, the parking lot was newly replaced in 2016. Tenant responsibilities include, repair and replacement of the HVAC, real estate taxes, insurance, snow plowing, landscaping, parking lot maintenance, repair and striping. Located on East Alexis Road (Route 184) in Toledo the property is well sited and benefits from extremely strong population demographics (167,029 -5 Mile) and a traffic count in excess of 36,000 vehicles/day (ADT). Other major national tenants in the immediate retail corridor include Lowes, Home Depot, Target, Kroger, Dicks, Office Max, Kmart, TJ-Maxx, Burger King, O'Reillys, Dollar Tree, Aarons, Taco Bell and Applebees.