Goodwill
2021 S Reynolds Road, Toledo, Ohio 43614
$1,952,980
$90 / sq ft 7.75% cap rate Listed Sep 2, 2026
21,712 sqft
Building
2 acres
Lot
1972
Built
1
Stories
81
Parking
1
Units
About this property
Goodwill is a retail for sale in Toledo, Ohio, listed at $1,952,980. Key details: year built 1972, building size 21,712 sqft, lot size 2 acres, stories 1. Listed by Ayson Shammami of APEX Commercial Real Estate Advisors on LoopingCloud and last updated September 2, 2026.
Prime Toledo Retail Investment Property | Corporate Goodwill Guarantee
An exceptional commercial real estate acquisition opportunity is now available in Toledo, Ohio. Priced at $1,952,980, this robust 21,712-square-foot retail asset offers investors an immediate, attractive yield with a 7.75% capitalization rate and approximately $151,000 in net operating income (NOI). Situated on a sprawling 1.92-acre lot, the property provides high visibility, generous parking, and strong real estate fundamentals in a proven Midwest market.
Investment & Property Snapshot
-
Offering Price: $1,952,980
-
Cap Rate: 7.75%
-
Net Operating Income (NOI): ~$151,000
-
Building Size: 21,712 SF
-
Price Per Square Foot: ~$90/SF (Well below replacement cost)
-
Lot Size: 1.92 Acres
-
Year Built: 1972
-
Property Type: Commercial Retail / Street Retail
Key Investment Highlights
-
Corporate Lease Guarantee: Backed by Goodwill, a nationally recognized leader with over 4,000 locations and $7B+ in annual revenue, offering reliable financial backing.
-
Recession-Resilient Asset Class: Needs-based retail model driven by steady donation and value-driven resale traffic, ensuring stability across varying economic cycles.
-
Low-Maintenance NN Lease Structure: Minimal landlord responsibilities, as the tenant handles the majority of operating expenses to deliver hands-off, passive income.
-
Significant Value-Add Potential: Priced well below replacement cost at approximately $90/SF, opening long-term options for repositioning, tenant transition, or strategic redevelopment.
Prime Toledo, OH Location & Demographics Located along a heavily traveled commercial corridor, this property gains maximum street exposure, excellent frontage, and seamless access to major regional thoroughfares. The immediate retail trade area features strong national co-tenants and regional draws, including the nearby Franklin Park Mall, the Toledo Museum of Art, and the Toledo Zoo. Serving a dense surrounding community, the asset benefits from a population of roughly 170,000 residents within a 5-mile radius, supported by steady household income levels and consistent consumer activity.
Key highlights
- Occupied
- Net Lease Investment
- Frontage 170’ on South Reynolds Road
- Zoning 10-CR
- Building FAR 0.26
- Tenancy Single
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1972
- Building Size
- 21,712 sqft
- Lot Size
- 2 acres
- Stories
- 1
- Parking Spaces
- 81
- Total Units
- 1
- Building Class
- Class C
- Occupied
- Yes
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $151,356
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
7.75%
Cap rate
$151,356
Net operating income
$90
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2026 | - | - | - | $151,356 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,952,980 | 7.75% | - | - | - |
Features and amenities
Property Features
- Frontage: 170’ on South Reynolds Road
- Zoning: 10-CR
- Building FAR: 0.26
- Tenancy: Single
Highlights
- Attractive Yield: Offered at a 7.75% cap rate with ~$151K NOI, providing strong in-place cash flow
- Corporate-Backed Tenant: Lease guaranteed by Goodwill, a nationally recognized operator with over 4,000 locations and $7B+ in revenue
- Recession-Resilient Use: Essential, needs-based retail with consistent traffic driven by donation and resale model
- Minimal Landlord Responsibilities: NN lease structure with tenant covering majority of expenses, reducing ownership burden
- Strong Real Estate Fundamentals: 21,712 SF building on 1.92 acres with ample parking and functional layout
- High Visibility Location: Positioned on a heavily trafficked corridor with excellent frontage and accessibility
- Value-Add Potential: Below replacement cost (~$90/SF) with future repositioning or redevelopment upside
- Dense Retail Corridor: Surrounded by national retailers and strong consumer traffic drivers. (see aerials on pages 5–6)
- Accessible Midwest Market: Located in Toledo with a population of ~170K within 5 miles and solid household incomes
Location
Address as shown by the lister.
Get directionsAbout this area - Toledo
- Population
- 30,181
- Housing units
- 14,255
- Land area
- 9.1 sq mi
- County
- Lucas
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadAdditional contacts
2 people to reach- Brian Brockman - bor@bangrealty.comIn-State Broker - LIC: OH #2009000214 (513) 898-1551
- Sal Yaldo - sal@apexre.comManaging Partner - LIC: MI 6501443637 (248) 996-7069
Frequently asked questions
What is the asking price of Goodwill?
Goodwill is listed at $1,952,980. That works out to about $90 per square foot. The stated cap rate is 7.75%.
Where is Goodwill located?
The property is in 2021 S Reynolds Road, Toledo, Ohio 43614, Lucas County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 21,712 sqft. The lot is 2 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Ayson Shammami of APEX Commercial Real Estate Advisors listed this property. Use the Request Info button to send a message or call (248) 554-5709.
When was this listing published?
It was published on September 2, 2026 and last updated on September 2, 2026.
Listing information
- Listing ID
- CL-Ohio-28405
- Published
- Sep 2, 2026
- Last updated
- Sep 2, 2026
Report a problem with this listing
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