Fairfield Commons

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Fairfield Commons

5166 & 5164 Monroe St Toledo OH Lucas County

Cap Rate: Ten-X.com Auction; see link

Contact Person(s): Max Lippitt
Daniel Kukes
Kevin Baker

Description:

BELOW MARKET RENTS

  • With rents between $8.00-13.00/SF, this center offers renovated space at below market cost. Market rents for retail space in the area range from $15.00-25.00/SF.

CENTRALLY LOCATED

  • Located in the heart of the Franklin Park Mall corridor, this site benefits from the density of the corridor and proximity to US-23 (63,355 CPD) and I-475 (60,701 CPD).
  • Ingress and egress from Monroe Street is smooth due to the close proximity to a traffic signal.
  • The subject property is surrounded by national retailers including Target, Five Below, PetsMart, HomeGoods, Hobby Lobby, Gabe’s, Bed Bath & Beyond, David’s Bridal, Fresh Thyme, and more.

PRICED BELOW REPLACEMENT COST

  • The acquisition price of the center is well-below replacement cost; pricing therefore offers buyers the flexibility to make aggressive lease deals with new tenants.

Available Space: 800 SF

Gross Leasable Area: 13,400 SF

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 9,717 75,711 196,923
Avg. HH Income: $87,928 $83,810 $75,392

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.