The Shoppes on Sylvania
210,000+ in 5-Mile Radius
Marketing description
Introducing THE SHOPPES ON SYLVANIA, a prime retail center at 2936 W Sylvania Ave, Toledo, OH. This fully occupied property boasts a stable income stream with three established tenants: AutoZone, Family Dollar, and Glass City CrossFit. With anchor tenants AutoZone and Family Dollar having a strong 20-year occupancy history, this center offers investors a reliable cash flow opportunity. Priced at $1,850,000, it provides a competitive 9.01% Cap Rate and $166,764 NOI, ensuring immediate returns on investment. Located on a bustling commercial corridor with 19,000+ VPD, the property benefits from high consumer traffic, drawing over 134,000 annual visits to Family Dollar. Surrounded by a dense population, including an average household income of $71,917 within 5 miles and a population exceeding 213,000, this retail gem offers both visibility and accessibility. Don't miss out on this lucrative investment opportunity at THE SHOPPES ON SYLVANIA—schedule a viewing today!
Investment highlights
Fully Occupied Retail Center | 100% leased to three established tenants: AutoZone, Family Dollar, and newly leased Glass City CrossFit.
Long-Term Tenancy | Two anchor tenants (AutoZone & Family Dollar) have occupied the center for over 20 years, demonstrating strong location stability.
Attractive Return | Offering at $1,850,000 with a 9.01% Cap Rate and $166,764 NOI, providing stable cash flow from day one.
Prime Toledo Retail Location | Situated along W. Sylvania Avenue with 19,000+ VPD and surrounded by strong national retailers including Kroger, Best Buy, Dollar Tree, and The Franklin Park Mall.
Strong Demographics | Average household income of $71,917 within 5 miles and a population exceeding 213,000 in the same radius.
High Consumer Traffic | Family Dollar draws approximately 134,000 visits annually (Placer.ai), ensuring consistent foot traffic to the center.
Ease of Access & Visibility | Prominent frontage on a main commercial corridor, surrounded by dense residential neighborhoods and schools such as Notre Dame Academy and Horizon Science Academy.
Established Credit Tenants | AutoZone, Inc. – $17.5B+ revenue, largest U.S. auto parts retailer; Family Dollar (Dollar Tree, Inc. subsidiary) – $30.6B+ revenue, over 8,000 locations nationwide.
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