3111 Navarre Ave - Restaurant FOR SALE


Oregon, OH 43616
$656,850 USD
248-415-2636
3111 Navarre Ave, Oregon, OH for Sale
$656,850 USD
Restaurant - FOR SALE
1/6
null | 9.5% Cap Rate

3111 Navarre Ave
Oregon, OH 43616


HIGHLIGHTS

  • New 5-Year Triple-Net Lease | Personal Guarantee | Mexican Restaurant Operator
  • Adjacent to Mercy Health St. Charles Hospital (342-Bed General Hospital)
  • 2.5 Miles from ProMedica Bay Park Hospital (91-Bed Stat-Of-The-Art Community Hospital)
  • Near Large Retailers: Kroger, Walmart, Aldi, Big Lots, Tractor Supply Co., Harbor Freight
  • Strong Retail Market: 10.4 Million SF of Retail within a Five-Mile Radius & a Vacancy Rate of 3.7%
  • Well Positioned on OH-2/Navarre Ave (27,273 VPD) Near Interstate-280 (46,875 VPD)

OVERVIEW

Marcus & Millichap is pleased to present El Sol Azteca, a single-tenant restaurant located at 3111 Navarre Ave in Oregon, Ohio. The tenant, El Sol Azteca, executed a new five-year triple-net lease in July 2024. The subject property is well-positioned on OH-2/Navarre Ave (27,273 VPD). OH-2/Navarre Ave is a main arterial road connecting to Interstate-280 (46,875 VPD) and Woodville Road which lead to Toledo. The asset sits adjacent to Mercy Health St. Charles Hospital, a 342-bed general hospital, and 2.5 miles from ProMedica Bay Park Hospital, a 91-bed state-of-the-art community hospital. There are large retailers nearby including Kroger, Walmart, Aldi, Big Lots, Tractor Supply Co., Harbor Freight, among others. Oregon, Ohio sits across the Maumee River from Downtown Toledo. Toledo is Ohio’s fourth most-populated city, and a major Midwestern port city, boasting the fifth busiest port on the Great Lakes. The city also sits at the crossroads of major interstate highway systems and railway lines that connect it to industry across the nation. This enviable location has served the region well throughout its history, beginning with its origins as a leading glass manufacturer in the late 19th century, earning the city its nickname, “The Glass City.” today. In 2021, Toledo was ranked No. 1 for new business investment by Site Selection Magazine.

FOR SALE DETAILS

PRICE

$656,850 USD

PRICE/SF

$310 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

CROSS STREETS

Coy

LAND ACRES

0.46 AC

LAND SF

19,863 SF

ZONING

C-2

APN/PARCEL ID

44-20645

ASK ABOUT THIS PROPERTY

Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

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Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.