Toledo, Ohio, is a prime location for investing in shopping centers, with a population of approximately 270,000 people. The city's strategic location on the western edge of Lake Erie makes it a significant trade center for the Midwest, boasting the fifth-busiest port on the Great Lakes. Shopping centers in Toledo offer a unique investment opportunity, representing a diverse range of retail spaces, from strip centers to enclosed malls. These properties can provide a steady income stream and potential for long-term appreciation in value. Toledo's strong infrastructure, including the Toledo Area Regional Transit Authority (TARTA) and Toledo Express Airport, makes it an attractive location for businesses and residents alike. The city's educational institutions, such as the University of Toledo, and major employers like ProMedica and Owens Corning, contribute to a stable economy. With amenities like the Toledo Zoo, Toledo Botanical Garden, and the Toledo Metroparks system, Toledo is a great place to live, work, and invest.
With 7 shopping centers for sale in Toledo, investors have a range of options to choose from. These properties offer an average price per square foot of $81 USD and an average size of 138,664 square feet. The largest shopping center available is 647,884 square feet, providing ample space for retailers and customers alike. In addition to shopping centers, Toledo also offers a range of other investment opportunities, including restaurants, specialty properties, land, and office properties. For example, the city's downtown area is home to a variety of restaurants, while its outskirts offer opportunities for land development. Office properties are also available, with many located near major employers like the University of Toledo and ProMedica. With its strong economy and diverse range of investment opportunities, Toledo is an attractive location for investors looking to expand their portfolios.
What is the average cap rate for shopping centers in Toledo?
For investors seeking to capitalize on Toledo's strategic location and diverse economy, the average cap rate for shopping centers in Toledo is 5.75%, providing a promising opportunity for returns on investment.
