5472 Monroe St, Toledo, OH for sale

Investment Overview

Single-tenant NNN retail investment along Monroe Street in Sylvania Township, one of Toledo's strongest suburban retail corridors (20,714 VPD [25], situated between the US-23 interchange and Franklin Park Mall). The 2,890 SF freestanding building sits on 0.3458 acres, built in 1958 and fully renovated in 2022. 100% leased to Auto Glass Now, a Driven Brands (NASDAQ: DRVN) subsidiary, on a modified NNN lease at $3,500/month through October 2027, with one (1) five-year renewal option; tenant covers all taxes, utilities, insurance, and maintenance.

Investment Highlights

• Fully occupied 2,890 SF freestanding retail building on 0.3458 acres
• Situated on Monroe Street, (20,714 VPD [25]) between the US-23 interchange and Franklin Park Mall
• ADA-accessible building with three total restrooms
• Shop area, and reception/waiting room remodeled in 2022
• Delivery area located by shop overhead doors
• Security system: Cameras and alarm system
• Zoned 20-C2 (Sylvania Township), permitting broad commercial uses