Jared - Toledo, OH

5011 Monroe Street, Toledo, OH, 43623, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Jared Jewelers located at 5011 Monroe Street in Toledo, Ohio (“Property” or “Asset”). Jared is operating on an absolute NNN lease with zero landlord responsibilities, ±4.6 years of lease term remaining and one, five-year option with a 15% rental escalation.

Jared is positioned as an outparcel to Franklin Park Mall, a super-regional shopping mall and major retail destination in northwest Ohio. Franklin Park Mall generates 5.9 million visits annually while ranking in the top 3% of most visited shopping centers in Ohio and across the nation (Placer.ai). Adjacent to the Property is Franklin Place shopping center which generates 4.4 million visits annually and ranks in the top 6% of most visited shopping centers in Ohio and across the nation.

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Caractéristiques de l'actif

Prix attendu

1 644 000 €

Taux de capitalisation

7,5 %

Revenu net

124 000 €

WALT

4.6 années

Surface de l'actif Net

484 m²

Taille du terrain Brut

0,2 hectare

Média

Points clés d'investissement

Operating on an absolute NNN lease with ±4.6 years of term remaining and one, five-year option with a 15% rent escalation
Outparcel to Franklin Park Mall, a top 3% most visited shopping center in OH & the U.S.
Jared is the 4th largest U.S. specialty retail jewelry brand
Adjacent to Mercy Health St. Anne Hospital wtih 128-beds
Dense commercial corridor off I-475 with accessibility to 91,000 VPD
College town location with The University of Toledo just 4 miles from Property