New Concepts

Long-term net leased investment occupied by New Concepts (Philio, Inc), a well established nonprofit organization serving the Toledo market through behavioral health, housing, and community support services. Attractive 10.00% cap rate offering investors strong in-place cash flow backed by an established community-oriented tenant with essential-service operations. Lease structure includes approximately 1.5% annual rent increases, providing consistent income growth throughout the remaining lease term and option periods. 10,840-square-foot facility is strategically positioned along Byrne Road within a densely populated Toledo corridor surrounded by residential neighborhoods, healthcare providers, and retail amenities. Surrounding market is supported by major regional employers and institutions including The University of Toledo, ProMedica, and Mercy Health, helping drive sustained economic activity and population demand.

Type

Office

Size

10,840 sq ft

Terms

$1,467,735

Offered as

For sale

Built

1973

Address

111 S Byrne Rd