Log In/Sign Up
Your email has been sent.
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
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Advance Auto Parts | 4920 Monroe St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.