Autozone
Toledo, OH 43614
10+ Year Lease · Retail Property For Sale

10.5 Years Remaining on Lease - Tenant recently exercised extension. Close Proximity to University of Toledo Campus. We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant investment that is 100% leased to AutoZone on a corporate lease with 10.5 years remaining on an original 22 year initial term. Due to the successful track record at this proven location the tenant has elected to extend their lease early with a new 10 year term. The lease includes a 2.86% rental increase in year 2021 and 4 - 5 Year option periods with 10% rental increases each option. The property is comprised of approximately 9,761 square feet and is situated on a 1.6 acre lot. Strategically located at the hard corner intersection of S. Byrne Road and Schneider Road; the property benefits from unobstructed street views and easy ingress/egress off of S. Byrne Road - one of the major North/South arteries in Toledo. With over 76,000 residents within a 3 mile radius and over $56,000 in AHHI within a 3 mile radius; the surrounding demographics provide strong supporting fundamentals for this proven retail location. Additionally, the property is located just 3 miles from The University of Toledo which has over 23,000 students as well as the UT Medical Center which features a new $5.8 Million Orthopaedics Center. National retailers located in the immediate trade area include; Walmart Supercenter, McDonald' s, Kroger, Fifth Third Bank, Big Lots, Planet Fitness, Subway, and Church' s Chicken.