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Manhattan Plaza

Property Overview

Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 219,810
Date Available 04/10/2019
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Description

Location
Located between Stickney Avenue and Lagrange Street on Manhattan Boulevard at I-75 exit, across highway from Chrysler Jeep plant.

Sale
Upside NOI with over 70,000 SF vacancy, ranging from 2,200 SF to 36,000 SF
About $650,000 annual net on 210,810 SF total
Long term tenants include Sav-a-Lot, Shoppers World, Citi-trends, Villa Family Dollar, Dollar General, U.S. Post Office, Hair Supply, Ping On Chinese, Mr. Hero & ground leases to PNC Bank & remodelled Arby's
Non-owned out lots include New KFC, remodelled McDonaldi's (2017) & Jeep Credit Union
1,200' frontage on both I-75 & Manhattan Blvd. (two traffic lights)
Across I-75 from $1.6 billion Jeep Assembly Plant
Over 200,000 people live within 5 miles
Newer roofs, new gas furnaces and ceiling sprinklers on most spaces
Rent Roll available after CA agreement is signed

Lease
Anchors include, Family Dollar, Sava A Lot, U.S. Post Office, Villa Citi Trends, Shoppers World, Dollar Tree, McDonald's, Arby's, PNC Bank and new KFC
Lease Specifications - Utilities/Heat, Electricity, Water, Real Estate Taxes, Insurance, CAM Lessee ($3.50/SF estimate); Roof, Structure - Lessor; Improvements - Negotiable; Lease Term - Three (3) year minimum
Real Estate Tax Information - Tax District - Toledo LSD
Utilities: Water, Sanitary and Storm Sewer - City of Toledo; Gas - Columbia Gas; Electric - Toledo Edison

Location

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