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Family Dollar

1121 N Reynolds Rd, Toledo, OH 43615

Listing Price: $567,000

Cap Rate
7.50%
Tenant Name
Family Dollar
Years Remaining On Lease
6.30
Gross SF
9,536
Guarantor
Corporate Guarantee
Rentable SF
9,536
Price/Gross SF
$59.46
Lease Type
Double Net
Rent Per Square Feet
$4.46

Investment Overview

Marcus & Millichap is pleased to present Family Dollar located in Toledo, Ohio. Family Dollar currently has 6.25 years remaining on a double-net lease. The property is situated along North Reynolds Road with 24,000 vehicles per day just south of the major intersection of Reynolds and Door Street with 43,500 vehicles per day. This is a bite-sized deal within theTop 100 MSA and priced well below replacement cost at $59 per square foot.

Investment Highlights

  • Family Dollar Double-Net Lease with 6.25 Years Remaining in Toledo, Ohio
  • Tenant Early-Extended Lease in 2016 for Fresh 10-Year Term Thru December 2026 Showing Strong Commitment to Site
  • New EPDM Rubber Roof in 2019
  • History of Renewals – Tenant has Renewed Lease Four Times for Periods of Five-Seven Years Each Time
  • Three, Five-Year Options Remaining – 28 Percent Rent Increase in Next Option

Exclusively Listed By

Listing Price: $567,000

Cap Rate
7.50%
Tenant Name
Family Dollar
Years Remaining On Lease
6.30
Gross SF
9,536
Guarantor
Corporate Guarantee
Rentable SF
9,536
Price/Gross SF
$59.46
Lease Type
Double Net
Rent Per Square Feet
$4.46

Investment Highlights

  • Family Dollar Double-Net Lease with 6.25 Years Remaining in Toledo, Ohio
  • Tenant Early-Extended Lease in 2016 for Fresh 10-Year Term Thru December 2026 Showing Strong Commitment to Site
  • New EPDM Rubber Roof in 2019
  • History of Renewals – Tenant has Renewed Lease Four Times for Periods of Five-Seven Years Each Time
  • Three, Five-Year Options Remaining – 28 Percent Rent Increase in Next Option

Investment Overview

Marcus & Millichap is pleased to present Family Dollar located in Toledo, Ohio. Family Dollar currently has 6.25 years remaining on a double-net lease. The property is situated along North Reynolds Road with 24,000 vehicles per day just south of the major intersection of Reynolds and Door Street with 43,500 vehicles per day. This is a bite-sized deal within theTop 100 MSA and priced well below replacement cost at $59 per square foot.

Exclusively Listed By

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