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Restaurant

El Sol Azteca Mexican Restaurant | Main Retail Corridor

3111 Navarre Ave, Oregon, OH 43616

Listing Price: $656,850

Cap Rate
9.50%
Tenant Name
El Sol Azteca
Years Remaining On Lease
4.7
Gross SF
2,120
Guarantor
Personal Guarantee
Rentable SF
2,120
Price/Gross SF
$309.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.43

Investment Overview

Marcus & Millichap is pleased to present El Sol Azteca, a single-tenant restaurant located at 3111 Navarre Ave in Oregon, Ohio. The tenant, El Sol Azteca, executed a new five-year triple-net lease in July 2024.

The subject property is well-positioned on OH-2/Navarre Avenue (27,273 VPD). OH-2/Navarre Avenue is a main arterial road connecting to Interstate-280 (46,875 VPD) and Woodville Road which lead to Toledo. The asset sits adjacent to Mercy Health St. Charles Hospital, a 342-bed general hospital, and 2.5 miles from ProMedica Bay Park Hospital, a 91-bed state-of-the-art community hospital. There are large retailers nearby including Kroger, Walmart, Aldi, Big Lots, Tractor Supply Co., Harbor Freight, among others.

Oregon, Ohio sits across the Maumee River from Downtown Toledo. Toledo is Ohio’s fourth most-populated city, and a major Midwestern port city, boasting the fifth busiest port on the Great Lakes. The city also sits at the crossroads of major interstate highway systems and railway lines that connect it to industry across the nation. This enviable location has served the region well throughout its history, beginning with its origins as a leading glass manufacturer in the late 19th century, earning the city its nickname, “The Glass City.” today. In 2021, Toledo was ranked No. 1 for new business investment by Site Selection Magazine.

Investment Highlights

  • New Five-Year Triple-Net Lease | Personal Guarantee | Mexican Restaurant Operator
  • Adjacent to Mercy Health St. Charles Hospital (342-Bed General Hospital)
  • 2.5 Miles from ProMedica Bay Park Hospital (91-Bed Stat-Of-The-Art Community Hospital)
  • Near Large Retailers: Kroger, Walmart, Aldi, Big Lots, Tractor Supply Co., Harbor Freight
  • Strong Retail Market: 10.4 Million SF of Retail within a Five-Mile Radius and a Vacancy Rate of 3.7 Percent
  • Well Positioned on OH-2/Navarre Avenue (27,273 VPD) | Near Interstate-280 (46,875 VPD)
  • Demographics: 112,931 Residents within a Five-Mile Radius | Daytime Population 124,946
  • Toledo MSA | Ohio's Fourth Most Populated City

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

El Sol Azteca Mexican Restaurant | Main Retail Corridor

Listing Price: $656,850

Cap Rate
9.50%
Tenant Name
El Sol Azteca
Years Remaining On Lease
4.7
Gross SF
2,120
Guarantor
Personal Guarantee
Rentable SF
2,120
Price/Gross SF
$309.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.43

Investment Highlights

  • New Five-Year Triple-Net Lease | Personal Guarantee | Mexican Restaurant Operator
  • Adjacent to Mercy Health St. Charles Hospital (342-Bed General Hospital)
  • 2.5 Miles from ProMedica Bay Park Hospital (91-Bed Stat-Of-The-Art Community Hospital)
  • Near Large Retailers: Kroger, Walmart, Aldi, Big Lots, Tractor Supply Co., Harbor Freight
  • Strong Retail Market: 10.4 Million SF of Retail within a Five-Mile Radius and a Vacancy Rate of 3.7 Percent
  • Well Positioned on OH-2/Navarre Avenue (27,273 VPD) | Near Interstate-280 (46,875 VPD)
  • Demographics: 112,931 Residents within a Five-Mile Radius | Daytime Population 124,946
  • Toledo MSA | Ohio's Fourth Most Populated City

Investment Overview

Marcus & Millichap is pleased to present El Sol Azteca, a single-tenant restaurant located at 3111 Navarre Ave in Oregon, Ohio. The tenant, El Sol Azteca, executed a new five-year triple-net lease in July 2024. The subject property is well-positioned on OH-2/Navarre Avenue (27,273 VPD). OH-2/Navarre Avenue is a main arterial road connecting to Interstate-280 (46,875 VPD) and Woodville Road which lead to Toledo. The asset sits adjacent to Mercy Health St. Charles Hospital, a 342-bed general hospital, and 2.5 miles from ProMedica Bay Park Hospital, a 91-bed state-of-the-art community hospital. There are large retailers nearby including Kroger, Walmart, Aldi, Big Lots, Tractor Supply Co., Harbor Freight, among others. Oregon, Ohio sits across the Maumee River from Downtown Toledo. Toledo is Ohio’s fourth most-populated city, and a major Midwestern port city, boasting the fifth busiest port on the Great Lakes. The city also sits at the crossroads of major interstate highway systems and railway lines that connect it to industry across the nation. This enviable location has served the region well throughout its history, beginning with its origins as a leading glass manufacturer in the late 19th century, earning the city its nickname, “The Glass City.” today. In 2021, Toledo was ranked No. 1 for new business investment by Site Selection Magazine.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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