- Approximately 2 years remaining with 3 (5-year) option periods to extend
- Lease is corporate signed by Advance Stores Company, Incorporated
- Features 5% rental increases at the beginning of each option period, growing NOI and hedging against inflation
Investment Offering
Toledo, OH - Advance Auto Parts
4920 Monroe Street | Toledo, OH 43623
$1,466,000
Price7.25%
Cap Rate$106,250
NOI1983
Year Built12,500
± SF Offering GLA1.58
± AC Land AreaDescription
Location
- Located just across the street from Franklin Park Mall, a 1,349,000 square foot shopping mall with major tenants including Dick’s Sporting Goods, JCPenney, Dillard’s, and more
- Located just east of Beverly Hills Plaza, a 96,000 square foot shopping center anchored by Marshalls & HomeGoods, and more
- Southwest of Miracle Mile Shopping Plaza, a 498,000 square foot shopping center anchored by Kroger, Crunch Fitness, and more
- Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Target, Costco Wholesale, ALDI, Hobby Lobby, and more, further increasing consumer traffic to the site
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215