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PNC Bank Ground Lease

5826 Lewis Ave, Toledo, OH 43612

  • For Sale $1,043,478
  • Property Type Retail - Freestanding
  • Property Size 2,959 SF
  • Lot Size 0.67 Acre
  • Property Tenancy Single Tenant
  • Year Built 1968
  • Date Updated Apr 26, 2022
Toledo is the county seat of Lucas County and the fourth-most-populous city in the state of Ohio. It is a major Midwestern port city and the principal city of the Toledo metropolitan area with a population of approximately 274,975. Its port is the fifth busiest in the Great Lakes and the 54th busiest in the United States. After the invention of the automobile, the city became best known for industrial manufacturing. Both General Motors and Chrysler had factories in metropolitan Toledo, and the largest employer in Toledo was Jeep for much of the 20th century. General Motors has operated a transmission plant in Toledo since 1916. Faurecia Exhaust Systems is a $2 billion subsidiary of France's Faurecia SA is also located in Toledo. Four Fortune 500 companies are located in Toledo: Dana Holding Corporation, Owens Corning, The Andersons, and Owens Illinois. The University of Toledo is influential in the city, contributing to the prominence of healthcare as the city's biggest employer. The university also operates a 450-acre Health Sciences campus including the University of Toledo Medical Center, a satellite campus in Scott Park, the Center for the Visual Arts located at the Toledo Museum of Art, and a research and education facility known as the Lake Erie Center. The University has a current enrollment of over 20,000 students and has expanded to include over 100 major buildings.
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Location

  • City Toledo, OH
  • Neighborhood North Towne Toledo
  • Zip Code 43612
  • Market Toledo

Contacts

Marcel Pearl

Encore Real Estate Investment Services

(248) 702-0942

Highlights

  • PNC Bank Ground Lease - Minimal Landlord Responsibilities - Tenant Reimburses Pro-Rata Shopping Center CAM Costs
  • Tenant Has Occupied the Location Since 1996 -Strong Historical Occupancy and Continued Renewal Shows a Strong Commitment to the Site
  • Drive-Thru Equipped Property
  • Low Rent Location - Replaceable Rent and Property Being Offered at a Very Low Price/SF
  • Excellent Access from Lewis and Alexis in Toledo -Multiple Points of Ingress and Egress
  • Drive-Through Equipped Site
  • Dense Demographics
  • Located in a Strong Retail Corridor Surrounded by National Retailers - Shopping Center Outparcel

Frequently Asked Questions

What is the total square footage of PNC Bank Ground Lease?

PNC Bank Ground Lease totals 2,959 square feet.

When was this property built?

PNC Bank Ground Lease was built in 1968.

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Contact Listing Broker

Marcel Pearl

Encore Real Estate Investment Services

(248) 702-0942

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