3230 W Alexis Rd | Toledo, OH 43613
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- LoopNet Team
3230 W Alexis Rd
Toledo, OH 43613
Absolute NNN Citizens Bank | Recent Renewal · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Well-Known, Investment Grade Offering: Corporate, Single-Tenant, Publicly Traded Citizens Bank (NYSE: CFG/S&P “A-”/Moody’s “Baa1”)
- Direct Access to Large Population Base: Positioned within 5 Miles of Nearly 175,000 People & Average Household Incomes Over $90,000+
- 3 Parcels to Accommodate Parking, Easy ATM Access and Banking Office: Highly Visible, Prominent Pylon & Building Signage
- Recent Renewal Proving Location Success: Absolute NNN Lease with 6 Yrs of Term Remaining (No Early Termination Rights) and 2% Annual Rental Increases
- Small Price Point Deal at 7.00% CAP Rate
- Strong Tenancy: One of the Nation’s Oldest and Largest Financial Institutions with $217.5 Billion in Assets (2024)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,848 SF
Building Class
C
Year Built
1958
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.40 AC
Zoning
CR - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc.
Parking
24 Spaces (6.24 Spaces per 1,000 SF Leased)
Frontage
179’ on Alexis Rd
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 23-64691 | Improvements Assessment | $174,160 |
| Land Assessment | $7,595 | Total Assessment | $181,755 |
PROPERTY TAXES
Parcel Number
23-64691
Land Assessment
$7,595
Improvements Assessment
$174,160
Total Assessment
$181,755
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