Offering Memorandum

Investment Sale

Reynolds Plaza

115 S Reynolds Rd
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

SIMILAR PROPERTIES

Single-Tenant
18555 Silver Pkwy
Fenton, Michigan

$2,476,190 | 8,160 SF
Single-Tenant
8791 KY-1
Grayson, Kentucky

$1,321,920 | 9,190 SF
Multi-Tenant
4157-4245 E Court St
Burton, Michigan

$8,800,000 | 135,170 SF
Single-Tenant
219 Jari Dr
Johnstown, Pennsylvania

$4,493,493 | 19,200 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement