Skip to main content

Scroll Down

View Full Details


Springfield Commons

Toledo, OH

271,690 SqFt

Built in 1999

Value Add

Investment Highlights

  • 76.4 Percent Occupied, 271,690-Square-Foot Kohl's-Anchored Regional Shopping Center in Toledo, Ohio
  • Substantial Lease-Up Opportunity: 35,000-Square-Foot Recently Vacated Bed Bath & Beyond and Seven Vacant Small-Shop Bays; 38 Percent Net Operating Income Increase Projected from Year One to Year Three
  • Kohl's Occupies Single-Story Unit (32 Percent of Gross Leasable Area); Tenant Since 1998 and Ranks Top 28 Percent Nationally
  • Recent 11-Year NNN Lease with Burlington (14 Percent of Gross Leasable Area); #3 Ranked of 25 Stores in Ohio
  • 10-Year Triple-Net Lease with Planet Fitness thru July 2028 (11.5 Percent of Gross Leasable Area); Ranks Top 27 Percent Nationally
  • 100 Percent National Tenant Roster Including Kohl's, Burlington, Planet Fitness, Old Navy, Shoe Carnival, Ulta, Five Below, Penn Station and Honey Baked Ham
  • Newer TPO Roofs Over Kohl's, as well as the Burlington-Anchored Portion - Collectively 60 Percent of Gross Leasable Area, Both Installed Since 2015
  • Offered Free and Clear of Debt Allowing Purchaser to Obtain New Perm or Bridge Debt According to Investment Strategy

Exclusively listed by

Related Research

Back to top

More Listings from Scott Wiles