February 25, 2021 – Chris King of Horvath & Tremblay has successfully completed the sale of Goodwill in Toledo, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,100,000.
Goodwill is located at 2021 S. Reynolds Road in Toledo, Ohio. The property is 100% leased to Goodwill Industries of Northwest Ohio, Inc., a chapter of Goodwill Industries International, with 19 retail and donation centers under this chapter. Goodwill has been at this location since 1990, with a successful track record of over 30+ years. In 2018, Goodwill signed a new 10-Year lease extension and invested a significant amount of capital in a major renovation to the location showing their commitment as a long-term tenant. Additionally, Lamar Industries, a national billboard company leases the billboard on the property, providing a no hassle management free source of income from a credit tenant. Goodwill is situated on a large 1.923-acre parcel of land along a major thoroughfare immediately across from a brand new (2020 construction) Amazon distribution center. Amazon invested $26M into the new 150,000 square foot building and 55-acre campus.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.