Log In/Sign Up
Your email has been sent.
4049 Royer Rd
Toledo, OH 43623
Retail Property For Sale
Investment Highlights
- Strategically positioned in Northwest Ohio's dominant Monroe Street retail corridor
- Best in class, high-performing, 100% national tenant line-up
- Outparcel to Toledo's #1 super regional mall - the only one within 50+ miles
- Minimal maintenance obligations
- Value-add opportunity through vacant lease-up & mark-to-market opportunities
Executive Summary
The Offering is a 94.2% occupied, 68,722 square-foot multi-tenant retail outparcel center strategically positioned in the heart of Toledo’s premier retail corridor (3.4% vacancy rate within a 5-mile radius).
The Property features five (4) nationally recognized tenants including Dave & Buster’s, Ulta Beauty, Old Navy, and Maurices. The Property is positioned directly adjacent to Franklin Park Mall, the region’s #1 super-regional shopping destination encompassing 1.2+ million square feet with over 100 specialty retailers. The mall generates 5.8 million annual visits and is anchored by Dillard’s, JCPenney, and the #1 most trafficked Dick’s Sporting Goods in Ohio. The outparcels benefit from exceptional visibility along Monroe Street with immediate access to I-475, providing seamless connectivity across the Toledo MSA and Southeast Michigan while capturing traffic from Northwest Ohio’s dominant retail hub.
The Property features five (4) nationally recognized tenants including Dave & Buster’s, Ulta Beauty, Old Navy, and Maurices. The Property is positioned directly adjacent to Franklin Park Mall, the region’s #1 super-regional shopping destination encompassing 1.2+ million square feet with over 100 specialty retailers. The mall generates 5.8 million annual visits and is anchored by Dillard’s, JCPenney, and the #1 most trafficked Dick’s Sporting Goods in Ohio. The outparcels benefit from exceptional visibility along Monroe Street with immediate access to I-475, providing seamless connectivity across the Toledo MSA and Southeast Michigan while capturing traffic from Northwest Ohio’s dominant retail hub.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
68,722 SF
Building Class
C
Year Built
2008
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
5.30 AC
Parking
293 Spaces (4.26 Spaces per 1,000 SF Leased)
Frontage
284’ on Royer Rd
Property Taxes
| Parcel Number | 22-65157 | Improvements Assessment | $0 |
| Land Assessment | $489,230 | Total Assessment | $489,230 |
Property Taxes
Parcel Number
22-65157
Land Assessment
$489,230
Improvements Assessment
$0
Total Assessment
$489,230
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
