ORION Commercial Partners is pleased to offer for sale Airport Crossings, located at 1260 S Reynolds Road in Toledo, Ohio. This two tenant class ‘A’ retail center was built in 2007 and has been occupied by Starbucks (S&P rated A-) and Verizon Wireless (S&P rated BBB+) ever since. Starbucks just recently exercised two of its (4) five-year options creating a new 10-year term, and Verizon Wireless just recently executed the first of its (4) three-year options.
Airport Crossings is located at the high traffic, signalized intersection of Airport Highway (30,000 vehicles per day) and S Reynolds Road (28,000 vehicles per day) directly across from Airport Square Shopping Center, a 100,000 square foot center anchored by Pet Supply Plus, Michael’s & Burlington Coat Factory.
- 3,720 SF building
- 24,393 SF land area
- Starbucks: new 10-year term
- 6.80 % cap rate
- Strategic retail center location
1260 South Reynolds Road, Toledo, OH 43615