905 South AveToledo, OH 43609
- Retail properties
- 1,177 SF
Property Details for 905 South Ave
- Year built
- 1968
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 1,177 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional 1,177 square foot gas station and convenience store presents a lucrative investment opportunity in Toledo, Ohio. Located at 905 South Ave, this single-tenant property boasts a 100% occupancy rate with a current NNN lease in place, offering a 7.50% cap rate and a strong net operating income (NOI) of $48,000. The property sits on a 0.13-acre lot and includes eight gas pumps, ensuring high potential for revenue generation. Built in 1968, the single-story building offers 1,177 square feet of net rentable space, priced at $543.76 per square foot. The asking price is $640,000. The lease features annual rent bumps of 3%, providing consistent growth and long-term value. This owner/user opportunity is ideal for an investor seeking a stable, high-performing asset in a prime location with significant traffic volume (10,829 vehicles per day). The current lease has 5 years remaining. This is a turnkey operation ready for immediate income generation.
Location Insight
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Latitude
- 41.6306
- Longitude
- -83.5625
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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