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Investment Highlights
• 7.5% CAP RATE - Single-tenant, net-leased retail-investment property.
• Stand-alone building with easy access off one of Toledo’s busiest commercial and retail corridors.
• Property is located in front of Franklin Park Mall (Northwest Ohio’s busiest shopping mall).
• The tenant is a publicly owned company with 678 locations in 45 states.
• Vitamin Shoppe’s current lease term is active through January 31, 2021.
• 10% rental-rate increase starting February 1, 2016.
• Building was extensively remodeled in 2005.
• 84,406 people and $ 51,450 median HH income within a three-mile radius.
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