Pepco NN Asset

Pepco | Toledo, OH (Sonepar)

Sands Investment Group is Pleased to Exclusively Offer For Sale the 24,378 SF Pepco NN Asset Located in Toledo, Ohio Located at 501 Phillips Avenue in Toledo, OH. This is a Rare Opportunity to Acquire a Well-Located Single-Tenant Industrial Asset With a Best-in-Class Tenant at an Attractive 8.00% Cap Rate. Pepco is Backed By Sonepar, an International Electrical Supply and Wholesaler With Over 490 Locations Located Throughout the United States.

  • Desirable Credit Profile – Professional Electric Products Company (PEPCO) is a Subsidiary and Affiliate Brand of Parent Company, Sonepar USA; Sonepar USA Has a Network of Over 490 Branches in North America and Does Over $13 Billion in Sales Annually
  • Highly Accessible Site – This Property Provides Easy Access to Both U.S. Route 24 and I-75, Making This Site Easily Accessible to the Entire Toledo Market
  • Operational History – PEPCO Has Been Operating Out of This Location Since 2001, Showing a Continued and Long-Term Commitment to the Site and Market
  • Desirable IOS Asset Class – The Excess Yard Space at This Location Allows For Industrial Outdoor Storage (IOS), Which is One of the Most Sought-After Asset Classes in Today’s Market

In Cooperation With ParaSell, Inc., A Licensed Ohio Broker Lic. #REC.2020005946 BoR: Scott Reid Lic. OH #BRKP2020001224

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Dollar General

 

  • Absolute Triple Net (NNN) Lease – No Landlord Responsibilities
  • Over 10 Years of Lease Term Remaining with Rent Increase in Year 11 (2024)
  • Excellent Demographics in Surrounding Area with 233,000 Residents Within a 5-Mile Radius
  • Dollar General (NYSE: DG) Recently Upgraded to BBB Credit Rating
  • Corporate Guaranty from Investment Grade Tenant
  • Toledo Future Job Growth Over the Next 10 Years Expected to be 37%
  • Located .5 Miles from Mercy St. Vincent Medical Center, Serving Over 75k Patients Per Year
  • Located 1.3 Miles from Downtown Toledo – Attractions Include Huntington Center, Seagate Convention Center, Valentine Theater, and Fifth Third Field (28k Total Seats)
  • Located 1 Mile from Toledo Museum of Art, Boasting 470K Visitors Per Year

In Cooperation with Cooper Commercial Investment Group, LLC – BoR: Dan Cooper Lic # 2009003618