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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33517362
33517361

3325 Libbey Rd, Perrysburg, OH 43551

SG
FL SL3288412
Marcus & Millichap - Orlando
RS
FL 3343473
Marcus & Millichap - Orlando
JV
FL SL3601186
Marcus & Millichap - Jacksonville
Listed by Marcus & Millichap - Orlando, Marcus & Millichap - Jacksonville
$2,753,200
3 days on market
Updated 3 days ago

W.W. Williams | Absolute Net

Details
Property Type Special Purpose
Sub Type Truck Repair
Square Footage 34,430
Cap Rate 6.25%
NOI $172,075
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2038
Remaining Term 12
Rent Bumps Yes
Lease Options Four Five-Year Options
Year Built 1977
Acreage 5.870
Investment Type Net Lease
Lease Commencement 03/01/2023
Ground Lease No

2% Increases | 12 Years Remaining

Investment highlights

• Corporate Lease with The W.W. Williams Company, LLC

- One of the Largest Commercial Truck Repair Companies in the U.S.

• Long Term Absolute NNN Lease | Zero LL Responsibilities

- Annual 2% Increases| 12 Years of Term Remaining

• Tenant Acquired by Brightstar Capital Partners in 2025

- Large Private Equity Firm with Over $5B in Assets Under Management

• High-Density Truck Corridor Drives Customer Demand

- Adjacent to TA & Pilot Travel Centers along I-75 & the Ohio Turnpike

• Longstanding Operation as a Truck Repair Facility

- Established Market Presence with Limited Area Competition

• Large 5.87-Acre Parcel | Ample Outdoor Storage

- Accommodates Commercial Vehicle Staging, Parking, Service Operations

• Surrounded Tenants Create Operational Synergies

- FedEx, Walgreens, Amazon & First Solar in the Immediate Trade Area

• Close Proximity to Key Transportation Nodes

- 4 Miles to Toledo Executive Airport | 13 Miles to Downtown Toledo

• Toledo, OH MSA | A Premier Midwest Freight Hub

- One-Day Drive to Chicago, Detroit, Cleveland, Pittsburgh & Columbus

Listing Contacts

SG
FL SL3288412
Marcus & Millichap - Orlando
RS
FL 3343473
Marcus & Millichap - Orlando
JV
FL SL3601186
Marcus & Millichap - Jacksonville
Listed by Marcus & Millichap - Orlando, Marcus & Millichap - Jacksonville

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,075.00
$14,339.58/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Michael Glass
License
BRK.2007005898
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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