Marcus and Millichap is pleased to offer Perrysburg Crossing, a 5,086SF neighborhood shopping center with four tenants. This property offers an excellent opportunity to acquire a cash-flowing investment that was built in 2006 and has new, long term leases. All the structures and paving are fresh and will not require any major maintenance for years to come. The tenants have signed absolute net leases with all expenses reimbursed, including a management fee and reserves.
Perrysburg is a rapidly expanding community that has experienced growth over the last few years, as people choose to live furhter away from Toledo. The income per capita and the median home prices have risen over the last few years, and this trend is projected to continue in the future. There have been several major retail developments in the vicinity, creating a draw for residents of Toledo to shop for the day as well as a draw for new residential developers looking to be close to those destinations.
Perrysburg Crossing is a true neighborhood center, located closer to any of the housing stock than any of the larger shopping destinations, making it the perfect site for the Cottage Inn Restaurant and the Twisty Treat. |
