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Advance Auto Parts 4920 Monroe St 12,500 SF Retail Building Toledo, OH 43623 $1,466,000 ($117.28/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 2 Years Remaining | Corporate Signed | Scheduled Rental Increases
- Franklin Park Mall (1,349,000 SF) | Beverly Hills Plaza (96,000 SF) |Miracle Mile Plaza (498,000 SF) | Primary Retail Corridor
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• Approximately 2 years remaining with 3 (5-year) option periods to extend
• Lease is corporate signed by Advance Stores Company, Incorporated
• Features 5% rental increases at the beginning of each option period
• Lease is corporate signed by Advance Stores Company, Incorporated
• Features 5% rental increases at the beginning of each option period
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Building Class
C
Year Built/Renovated
1983/2003
Price
$1,466,000
Price Per SF
$117.28
Cap Rate
7.25%
NOI
$106,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.58 AC
Zoning
CR - Regional Commercial
Parking
103 Spaces (8.24 Spaces per 1,000 SF Leased)
Frontage
169’ on Monroe Street
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-12194 | Improvements Assessment | $474,355 |
| Land Assessment | $99,435 | Total Assessment | $573,790 |
PROPERTY TAXES
Parcel Number
22-12194
Land Assessment
$99,435
Improvements Assessment
$474,355
Total Assessment
$573,790
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Advance Auto Parts | 4920 Monroe St
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