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1703 Airport Hwy
Toledo, OH 43609
Save-A-Lot & Family Dollar · Retail Property For Sale


Investment Highlights
- Minimal Landlord Responsibilites
- Corporate Lease
- Recession Resistant Tenant
- Strategic Retail Location
- Strong Real Estate Fundamentals
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Toledo Center, a multi-tenant retail investment property with Save-A-Lot and Family Dollar tenants, located at 1703 Airport Highway in Toledo, OH (the “Property”). Family Dollar has over 3 years remaining on their original lease with one (1) 5-year option. Save-A-Lot has been at this location since 2004 and has 2 months remaining on their original lease. Save-A-Lot occupies 18,109 square feet of the retail center, approximately 64% of total gross living area, while Family Dollar occupies 10,128 square feet of the retail center, approximately 36% of the gross living area. The Property is situated upon a 2.79-acre lot. The Property is located along one of Toledo’s primary commercial corridors, offering strong visibility and convenient access within a well-established Lucas County retail market. The Property is positioned along Airport Highway (U.S. Route 20), a heavily trafficked arterial, and is in close proximity to complementary national and local retailers, service-oriented businesses, and dining options that generate consistent daily traffic. Surrounded by dense residential neighborhoods and nearby employment centers, the site benefits from a stable and diverse customer base. The Property provides efficient access to U.S. Route 20 and Interstate 475, with Interstate 75 located nearby, allowing for direct connectivity throughout the Toledo metropolitan area and the broader Northwest Ohio region.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
28,237 SF
Building Class
C
Year Built
1960
Price
$2,500,000
Price Per SF
$88.54
Cap Rate
7.88%
NOI
$197,066
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
2.79 AC
Zoning
CR - CR - Regional Commercial
Frontage
322’ on Airport Hwy
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 16-07851 | Improvements Assessment | $302,155 |
| Land Assessment | $30,520 | Total Assessment | $332,675 |
Property Taxes
Parcel Number
16-07851
Land Assessment
$30,520
Improvements Assessment
$302,155
Total Assessment
$332,675
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