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2518 S Reynolds Rd, Toledo, OH, 43614

Dollar Tree
$1,085,206

Key Information

Cap Rate
8.5%
Proforma NOI
$92,243
Tot. SF
10,500
Year Built
1972/2012(R)
Term Remaining
±6.25 YRS
Type
Retail

Highlights

  • 2017 Retrofit for Dollar Tree: Modern retrofit completed in 2017, delivering a contemporary store layout with strong curb appeal and operational efficiency.
  • Lease Commitment: ±6.25 years remaining on a recently extended lease, demonstrating Dollar Tree’s strong commitment to the location and market.
  • Corporate Lease Guarantee: Lease signed directly by Dollar Tree Stores, Inc., providing investment-grade corporate backing.
  • Renewal Options with Escalations: Three (3), 5-year renewal options, each featuring a $5,271 annual rent increase ($0.50 PSF), ensuring predictable cash flow growth.
  • Strong Population Support: 5-mile population of 151,090 residents, creating a robust customer base for essential discount retail.
  • High-Traffic Intersection: ±52,900 vehicles per day at the intersection of Hwy 20 & I-80, delivering exceptional visibility and drive-by exposure.
  • Affluent Demographics: Average household income of $103,430 annually, supporting consistent spending at value-oriented retailers.
  • Prime Toledo Location: Situated in northwest Ohio along the western shore of Lake Erie, Toledo attracts millions of visitors annually and offers convenient access—approximately 60 miles south of Detroit and 115 miles west of Cleveland.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # BRKP.2024002419, REC.2022007141
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113