For Sale
$2,575,000

4011 Secor RdToledo, OH 43623

Toledo, OH Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This 15,500 square foot shopping center in Toledo, Ohio, presents a compelling investment opportunity. Located at 4011-4015 Secor Road, this multi-tenant property boasts 100% occupancy with established, long-term tenants demonstrating strong commitment to the area. The property features ample parking (90 paved spaces) and excellent accessibility via three curb cuts. High traffic counts (20,950 vehicles per day) on Secor Road, combined with prominent frontage on both Secor Road and Sylvania Avenue, ensure significant visibility. The strong demographics are further supported by a population of 104,218 within a 3-mile radius, and the property benefits from proximity to major businesses including Mercy Health/St. Anne Hospital, Toledo Clinic, Rite Aid, Walgreens, Kroger, and Best Buy. The property is offered at $2,575,000, with a pro-forma cap rate of 7.55%. The lease type is NNN. Below-market rents suggest potential for increased returns. This is a rare opportunity to acquire a well-positioned, fully occupied retail investment property in a thriving Toledo location.

Highlights

  • $2,575,000 asking price for this 15,500 square foot retail shopping center.
  • Located at 4011 Secor Rd, Toledo, OH 43623.
  • NNN lease structure with multi-tenant occupancy at 100%.
  • 7.55% pro-forma cap rate.
  • Features ample parking (90 spaces), high traffic counts (20,950 VPD on Secor Rd), and excellent visibility on Secor Rd and Sylvania Ave.

Property Details for 4011 Secor Rd

Property type
Lifestyle centers, Power centers
Square Feet
15,500 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.692334286641
Longitude
-83.623347458984
4011 Secor Rd, Toledo, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4011 Secor Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message