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Goodwill | New 12yr Corp NNN w/ Incrs 2450 S Reynolds Rd 14,564 SF Retail Building Toledo, OH 43614 $3,096,000 ($212.58/SF) 6.35% Cap Rate



INVESTMENT HIGHLIGHTS
- Brand New 12-Year Lease | Options To Extend | Rental Increases | Relocation Store | $250K In Recent Improvements | Corporate Signature
- Signalized, Hard Corner Intersection | Regional Connectivity
- Strong Demographics In 5-Mile Trade Area
- NNN Lease Structure | Fee Simple Ownership | Minimal Landlord Responsibilities
- Dense Retail Corridor | Strong Tenant Synergy
EXECUTIVE SUMMARY
SRS National Net Lease Group, LP is pleased to present the opportunity to acquire the fee simple interest in a NNN-leased Goodwill retail property located in Toledo, Ohio. The tenant, Goodwill Industries of Northwest Ohio, Inc., recently executed a brand new 12-year lease with two (2) additional five-year renewal options, demonstrating long-term commitment to the site. The lease features a scheduled $1 PSF rent increase during the primary term and CPI-based increases at the start of each option period, supporting long-term NOI growth and providing an inflation hedge. This is a relocation store for Goodwill with a proven track record of strong performance in the market. As further evidence of their commitment, the tenant recently completed approximately $250,000 in site improvements, including repaving and restriping the parking lot. The lease is structured as NNN with minimal landlord responsibilities and signed by a corporate entity, an ideal, low-touch investment opportunity for passive or out-of-state investors.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,564 SF
Building Class
B
Year Built/Renovated
2005/2025
Price
$3,096,000
Price Per SF
$212.58
Cap Rate
6.35%
NOI
$196,614
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.60 AC
Zoning
CR - Regional Commercial
Parking
90 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
248’ on S Reynolds Rd
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Goodwill
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Goodwill | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 20-01330 | Improvements Assessment | $393,435 |
| Land Assessment | $54,530 | Total Assessment | $447,965 |
PROPERTY TAXES
Parcel Number
20-01330
Land Assessment
$54,530
Improvements Assessment
$393,435
Total Assessment
$447,965
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Goodwill | New 12yr Corp NNN w/ Incrs | 2450 S Reynolds Rd
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