Wernerts Corner — Sale in Toledo, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Toledo, OH 43613

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Description

David Hesano, of the CBRE Net Leased Investments Group, and Dave Long (Ohio Licensee) are pleased to exclusively represent this value-add multitenant retail investment property. Situated on the northwest quadrant of the three road intersection of W. Laskey, Tremainsville, and Douglas, this property benefits from long-term tenant occupancy, excellent frontage, a position in a highly-populated area, and modest rental rates. Significant upside can be realized through the leasing of the vacant 8,650 SF unit (former Napa Auto Parts) and through the possible development of a 0.88 acre outparcel. Planet Fitness is on a long term lease through 2029 and is owned by one of the largest operators in the franchise system. The shopping center is attractive in appearance, well-maintained, and situated along a major commercial thoroughfare.

Market Context

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