Share This Listing

Message

920 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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
Freestanding
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

Waffle House
Bob Evans Restaurants
Steak ‘n Shake
Olive Garden
Kroger
Huntington National Bank
Fifth Third Bank
9Round
Fricker's
Red Lobster

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-01330
Land Assessment
$54,530
Improvements Assessment
$393,435
Total Assessment
$447,965
  • Listing ID: 38645186

  • Date on Market: 12/3/2025

  • Last Updated:

  • Address: 2450 S Reynolds Rd, Toledo, OH 43614

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}