Offering Memorandum
Investment Sale
Reynolds Plaza
115 S Reynolds Rd
Toledo, Ohio
Toledo, Ohio
eCode:066i
Sales Price
$2,280,000
NOI
$171,492
Cap Rate
7.50%
Building Size
23,100 SF
Lot Size
2.15 AC
Year Built
1977
Tenant Roster
- Dollar Tree
- Toledo Treatment Centers
Highlights
Value-Add Opportunity
- Potential for future lease of the middle suite to a long-term tenant at market rents, significantly increasing NOI.
New Lease Renewals
- Dollar Tree just exercised a 5-year renewal option through January 2030.
- Pinnacle Treatment Center has committed to a 5-year renewal at fair market value rent.
Placer.AI Data Insights
- Dollar Tree enjoys significantly above-average foot traffic relative to Ohio and nationally.
Tenant and Landlord Investments
- The property has been diligently maintained by the current ownership, requiring no immediate capital expenditures.
- A total of $500,000 has been invested in buildouts and renovations for the Pinnacle Treatment Center space.
| Radius | 1 Mile | 3 Mile | 5 Mile |
| Population Density | 6,682 | 75,347 | 193,582 |
| Household Income | $61,773 | $81,380 | $95,211 |
| Daytime Pop | 3,428 | 31,871 | 95,706 |
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