P.F. Chang’s Ground Lease
2300 Village Drive East #140, Maumee, OH, USA Map
Listing Price $2,043,250
| Status | Active |
| Lease Type | Ground Lease |
| Property Type | Retail |
| CAP Rate | 6% |
| GLA (Sq. Ft.) | 8,376 |
| NOI | $122,595 |
| Lease Term Remaining | 4.4 Years |
| Options | 1 x 5 Year |
| State (BOR) | OH |
| Broker of Record | Michael Glass |
| License # (BOR) | BRK 2007005898 |
Investment Highlights
- Robust Traffic Counts on Fallen Timbers Lane
(5,448) and Russel Road (4,326 VPD), a Tenth of
a Mile off of Highway 24 (43,836 VPD) (Source:
LandVision, CoStar, 2022) - Located in The Shops at Fallen Timbers, an Outdoor
Lifestyle Center | National Retailers Include:
JCPenney, Barnes & Noble, Dillard’s, Kay Jewelers,
Men’s Warehouse, Red Robin, University of Toledo
Medical Center, Rave Cinemas, and Others - Affluent Community with an Average Household
Income of Over $132,000 Within One Mile of the
Subject Asset, as of 2022 - Parks and Outdoor Recreational Facilities Nearby
Include: Sidecut Metro Park, Toledo Zoo, Toledo
Museum of Art, Toledo Country Club, Maumee Bay
State Park Beach, Audubon Islands, and More
Subject is Less than 12 Miles from Downtown Toledo
with a Population of 268,508 and Nine Miles from - Toledo Express Airport, Serving a Quarter of a Million
Passengers Annually (www.toledoexpress.com)
Investment Overview
Subject is a Prime 8,376 Square-Foot Build-to-Suit P.F. Chang’s on a 0.38-Acre Lot with Ample Parking, Easy Ingress/Egress, Strategically Located on a Hard Corner in the Upscale Fallen Timbers Outdoor Mall. Ground Lease with Over Four Years Remaining and Zero Landlord Responsibility | 1 x 5-Year Option.
