2562 Navarre Ave | Oregon, OH 43616
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- LoopNet Team
2562 Navarre Ave
Oregon, OH 43616
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- COMMITMENT TO LOCATION – Recent lease extension providing 10 years of guaranteed term showing long term commitment to the location from Walgreens
- BELOW MARKET RENT – Walgreen’s is paying ±$168,500/year, PNC is paying $43,200/year. Both are significantly below average for each respective chain
- PASSIVE CREDIT TENANT INVESTMENT – The property provides a passive investment for an owner, with minimal LL responsibilities and 2 income streams from
- -PNC has also exercised a 5 year option early, showing both tenants long term commitment to the location.
- EXTREMELY WELL LOCATED REAL ESTATE – The ±2 AC parcel sits on the hard corner of Navarra Road/Route 2 and Wheeling Street which sees ±21,200 VPD
- CLOSE PROXIMITY TO HIGHWAY – The asset is located near the I-280 & I-80/ 90 Ohio Turnpike interchange
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,500 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.00 AC
Zoning
CR, Toledo
Parking
45 Spaces (2.57 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 44-55467 | Improvements Assessment | $517,370 |
| Land Assessment | $27,405 | Total Assessment | $544,775 |
PROPERTY TAXES
Parcel Number
44-55467
Land Assessment
$27,405
Improvements Assessment
$517,370
Total Assessment
$544,775
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