Former Rite Aid

Highlights:

• The building offers 11,154 sq ft of gross leasable area, purpose-built as a drugstore in 2000—modern compared to many older retail buildings.
• Recently built, this building has a great quality roof and remains in great condition, limiting capital expenditure for immediate reuse.
• With a parking ratio of 5.11 spaces per 1,000 sq ft, it ensures ample customer access or repurposing flexibility.
• Situated on Broadway street, a well traveled corridor, with excellent frontage and parking, and a location that ensures brand exposure and easy access for customers.
• While formerly a drugstore, the layout may be repurposed for a variety of uses such as a grocery or convenience retail, medical or urgent care facility, specialty retail or experiential tenant.
• Great and busy area situated around various retail and quick service restaurants on the corner of a busy intersection averaging just under 30,000 vehicles passing each day.

Description:

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Toledo, Ohio, is located in the northwest corner of the state along the western shore of
Lake Erie. As the fourth-largest city in Ohio, it has a population of around 270,000. Known
as the "Glass City" due to its historical significance in the glass manufacturing industry,
Toledo became a major center for glass production with companies like Owens-Corning
and Libbey Glass. The city’s history dates back to early Native American settlements, with
European American settlers arriving in the early 19th century. During the War of 1812,
Toledo's location along the Maumee River and Lake Erie made it a strategic area. By the
late 19th and early 20th centuries, Toledo’s economy grew rapidly due to the glass
industry, as well as automotive manufacturing, steel production, and agriculture.

Today, Toledo's economy is diverse, with the manufacturing sector still playing a role,
particularly through the presence of the Jeep brand and the Chrysler (now Stellantis)
factory. The city also has thriving sectors in healthcare, education, and logistics. The
University of Toledo, a large public research institution, contributes significantly to the
local economy. Toledo is rich in culture, with prominent attractions like the Toledo
Museum of Art, which boasts impressive collections of European and American art, as
well as glassworks. The Toledo Zoo, one of the oldest in the United States, and Maumee
Bay State Park, with its recreational offerings, are also popular destinations. Sports are
important to the city, with the Toledo Mud Hens, a Minor League Baseball team, and the
University of Toledo Rockets' NCAA Division I teams.

Though Toledo has faced challenges transitioning from its industrial past, it has seen
significant revitalization efforts, especially in its downtown area, where urban renewal
projects aim to attract new businesses and boost tourism. The city benefits from its
transportation infrastructure, with major highways like I-75 and I-80/90 running through it,
as well as access to Lake Erie for trade and travel. Today, Toledo continues to build on its
industrial legacy while embracing new industries and cultural growth.

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