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Rite Aid

Market Price

5224 Dorr St, Toledo, OH 43615

Active
Last Updated: 10/29/2024

7.5

Cap Rate

180,000

NOI

Details:
Cap Rate:    7.5%
NOI:    $180,000
Building Size:    11,000 sqft
Lot Area:    1.65 acres
Year Built:    1998
Highlights:
  • Ideal Hard Corner Fundamentals | Main of Main Location | Desired Ingress/Egress
  • 1-Story Masonry Building Equipped w/ Drive-Thru - 11,030 SF Positioned on 1.65 Acres of Land
  • Heavily Traveled Corner: Dorr St (23,631 VPD+) and North Reynolds (21,867 VPD+)
  • 10-CR (Regional Commercial Zoning): Link for Zoning - https://icare.co.lucas.oh.us/LucasCare/content/zoning/10CR.htm
  • Average Household Income of $78,538 in 3-Mile Radius | Population Exceeds 210,451 within 5-Miles of Subject Property
  • Under a Mile to The Prestigious Inverness Golf Course and Only 2.3 Miles to The University of Toledo's Main Campus
  • Ease of Access to On/Off Ramps of I-475 (1.5 Miles Away) | Property Located 5+/- Miles to I-75 Freeway
  • Neighboring National Retailers Include: Walgreens, Speedway, O'Reilly Auto Part, Tim Horton's, Dollar General Market, Taco
  • Bell, Pizza Hut, Fifth-Third Bank, McDonald's and Many More
Description:

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Toledo is a city in and the county seat of Lucas County, Ohio, United States. A major Midwestern United States port city, Toledo is the fourth-most-populous city in the U.S. state of Ohio, after Columbus, Cleveland, and Cincinnati, and according to the 2010 census, the 71st-largest city in the United States. With a population of 274,975, it serves as a major trade center for the North Central United States; its port is the fifth busiest in the Great Lakes and 54th biggest in the United States. The city was founded in 1833 on the west bank of the Maumee River, and originally incorporated as part of Monroe County, Michigan Territory. It was re-founded in 1837, after the conclusion of the Toledo War, when it was incorporated in Ohio.

After the 1845 completion of the Miami and Erie Canal, Toledo grew quickly; it also benefited from its position on the railway line between New York City and Chicago. The first of many glass manufacturers arrived in the 1880s, eventually earning Toledo its nickname: "The Glass City." It has since become a city with a distinctive and growing art community, auto assembly businesses, education, thriving healthcare, and well-supported local sports teams.

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