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Dollar Tree 2518 S Reynolds Rd 10,500 SF Retail Building Toledo, OH 43614 $1,085,206 ($103.35/SF) 8.50% Cap Rate
Investment Highlights
- Investment-grade BBB credit tenant with corporate lease guarantee and strong financials.
- Annual NOI of $92,243 and an attractive 8.50% cap rate for stable cash flow.
- Prime location at HWY 20 & I-80 intersection with ±52,900 vehicles per day.
- ±6.25 years remaining on a recently extended NN lease with three 5-year renewal options.
- 2017 retrofit for Dollar Tree; ±10,500 SF building with modern retail infrastructure.
- Affluent 5-mile demographics with average household income of $103,430.
Executive Summary
Matt Wallace
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2012
Price
$1,085,206
Price Per SF
$103.35
Cap Rate
8.50%
NOI
$92,243
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.00 AC
Zoning
CR
Parking
50 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
170’ on Reynolds Rd
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-00851 | Improvements Assessment | $224,070 |
| Land Assessment | $30,380 | Total Assessment | $254,450 |
Property Taxes
Parcel Number
21-00851
Land Assessment
$30,380
Improvements Assessment
$224,070
Total Assessment
$254,450
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Dollar Tree | 2518 S Reynolds Rd
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