4 S Reynolds Ave
$895,000
4 South Reynolds Road, Toledo, OH 43615
8
Cap Rate
71,625
NOI
Details:
Description:
Great Triple Net Investment with Investment Grade Company
Lease extended through Sept. 2029.
The PNC Bank property is well positioned along South Reynolds Avenue (24,000+ VPD) which is a primary north - south thoroughfare. Retailers along the corridor include McDonald's, Burger King, Walgreens, Rite Aid, O'Reilly Auto Parts, Tim Hortons, and Taco Bell.
PNC Bank is also located on Hill Avenue which connects to Interstate 475 (86,850 VPD).
There are over 195,000 people living within 5 miles of the property with an average annual income of $70,710.
The deposit history at this Location has been increasing year over year since 2015 and in 2020 produced a 24% increase
NNN ground lease - no landlord responsibilities
PNC Bank is an investment grade rated company
(S&P: A)
Located on Hill Avenue which connects to
Interstate 475 (86,850 VPD)
Deposits in 2020 have increased 24% and have experienced consisted year over year growth since 2015
Long operating history at this location (since 1978)
Multiple lease extensions executed demonstrating commitment to site
Located along South Reynolds Avenue (24,000+ VPD) with retailers such as McDonald’s, Burger King, Walgreens, Rite Aid, O’Reilly Auto Parts, Tim Hortons, and Taco Bell
There are over 195,000 people living within 5 miles of the property with an average annual income of $70,710
Location
Gallery
