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Alexis Park 920 W Alexis Rd 24,620 SF 100% Leased Retail Building Toledo, OH 43612 $2,650,000 ($107.64/SF) 7.87% Cap Rate
Investment Highlights
- 100% Occupied, 4-Tenant Building
- Recently Extended Lease Terms
- Strong Commercial/Retail Corridor
- 2-National Tenants Accounting for 71% of the Shopping Center
- Replaceable Rental Rates
Executive Summary
100% occupied, 4-tenant retail building anchored by Dollar Tree and Rainbow Shops available for Purchase. Recent significant area development including Hibbett Sports, Auntie Ann's, Smoothie King, Cinnabon (2026), 7 Brew, Ross Dress for Less, Five Below, Michaels and Dairy Queen Grill & Chill (2024-2025).
The property benefits from multiple access points and pylon signage on 2 major roadways.
Major area retailers include Kroger, Target, Lowes and Home Depot.
Major area employer includes GM Toledo Propulsion Systems, a 2.8M SF facility with 1,750 employees. GM has invested more than $1B in the plant over the past 15 years. Also, Stellantis - Toledo Assembly Complex, a 3.6M SF facility with 5,200 employees. Stellantis recently announced a $400M investment (creating 900 jobs), in the plant to create a brand new mid-sized truck.
Traffic Count: 21,220 on Alexis Rd. (2024); 16,405 on Lewis Ave. (2024).
197,300 people, 79,525 households, average household income of $48,619 within 5 miles.
Financial data available upon qualified request.
Roof replacement scheduled for Spring 2026.
The property benefits from multiple access points and pylon signage on 2 major roadways.
Major area retailers include Kroger, Target, Lowes and Home Depot.
Major area employer includes GM Toledo Propulsion Systems, a 2.8M SF facility with 1,750 employees. GM has invested more than $1B in the plant over the past 15 years. Also, Stellantis - Toledo Assembly Complex, a 3.6M SF facility with 5,200 employees. Stellantis recently announced a $400M investment (creating 900 jobs), in the plant to create a brand new mid-sized truck.
Traffic Count: 21,220 on Alexis Rd. (2024); 16,405 on Lewis Ave. (2024).
197,300 people, 79,525 households, average household income of $48,619 within 5 miles.
Financial data available upon qualified request.
Roof replacement scheduled for Spring 2026.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,620 SF
Building Class
B
Year Built/Renovated
1968/2020
Price
$2,650,000
Price Per SF
$107.64
Cap Rate
7.87%
NOI
$208,513
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.23 AC
Zoning
CR - Regional Commercial - CR - Regional Commercial
Parking
151 Spaces (6.13 Spaces per 1,000 SF Leased)
Frontage
424’ on W Alexis Rd
Amenities
- 24 Hour Access
- Pylon Sign
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dollar Tree
- -
-
99,999 SF
- -
- -
- Luna's
- -
-
99,999 SF
- -
- -
- Rainbow
- -
-
99,999 SF
- -
- -
- Top Shotz
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dollar Tree | - | 99,999 SF | - | - | ||
| Luna's | - | 99,999 SF | - | - | ||
| Rainbow | - | 99,999 SF | - | - | ||
| Top Shotz | - | 99,999 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-30008 | Improvements Assessment | $236,180 (2025) |
| Land Assessment | $45,045 (2025) | Total Assessment | $281,225 (2025) |
Property Taxes
Parcel Number
23-30008
Land Assessment
$45,045 (2025)
Improvements Assessment
$236,180 (2025)
Total Assessment
$281,225 (2025)
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Alexis Park | 920 W Alexis Rd
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