5323 Monroe St
Toledo, OH 43623
Taco Bell: Toledo, OH · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 2,227-square-foot free standing Taco Bell situated on 0.61 acres in Toledo, Ohio (MSA Population: 609,586). Located 53 miles south of Detroit and roughly 100 miles west of Cleveland, the Toledo area features a strong economic climate that is anchored by manufacturing and logistics. Taco Bell’s corporately-guaranteed 20-year ground lease features 10% rent increases every 5 years during the initial term and in each of the four-5 year renewal options. The property is ideally located with excellent access and visibility at the signalized intersection of Monroe Street (25,000 VPD) and Nantuckett Drive, less than 2 miles from Interstate 475 (Traffic Count: 60,680 VPD). Taco Bell is situated as an outparcel to the 116,025-square-foot Monroe Street Market Square shopping center, which is anchored by Hobby Lobby and occupied by Sally Beauty, Play It Again Sports, GameStop, Stride Rite and Sprint. Taco Bell is also situated within Toledo’s primary retail and commercial corridor with 10.4 MSF of retail, 4.2 MSF of office and 6,960 multifamily units within a 3-mile radius. Other major retailers within the immediate vicinity include FedEx, Lincoln, Starbucks, Marshalls, HomeGoods, PetSmart, Five Below, Office Depot, Shoe Carnival, Tropical Smoothie, Target, Verizon and Bed Bath & Beyond, among several others. The property benefits from a built-in customer base due to its proximate location to the 1.3 MSF Franklin Park Mall, which is anchored by Macy’s, Dillard’s, JCPenney and Dick’s Sporting Goods, and occupied by Cinemark, Ulta Beauty, H&M, the Disney Store, Talbots, Express and GNC. The area further benefits from dynamic demographics with a population of 71,872 and an average household income of $72,548 within a 3-mile radius.