CrownPoint Partners Brokers $1.05 Million Sale of Tuffy's Tire in Toledo, Ohio
Ohio Pen/10307967

TOLEDO, Ohio - OhioPen -- Toledo, Ohio - - CrownPoint Partners, a national real estate brokerage and advisory firm dedicated to the sale of net lease investments and sale-leaseback advisory services, announced today the sale of a single-tenant retail property occupied by Tuffy Tire & Auto Service, located at 5154 Monroe Street in Toledo, Ohio.

Managing Partners Julius Swolsky and Shannon Bona of CrownPoint Partners, in association with Prime Retail Advisors, represented the Seller, a repeat client and private developer based in the Midwest. The transaction closed at $1,050,000, which is 97% of list price. The buyer was local to Toledo and purchased in 1031 Exchange on an all-cash basis.

The property was widely marketed and received multiple offers, creating a competitive bidding environment. The sale included both a long-term lease with Tuffy Tire and Auto Service as well as a 20-year electronic billboard lease, adding unique additional income for ownership. At the time of the sale, there were nine years remaining on Tuffy's absolute net lease, which is highly coveted by passive investors as there are no landlord responsibilities whatsoever. Both the Tuffy's lease along with the billboard lease had scheduled rent increases during the base term also providing a hedge against inflation.

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"This transaction highlights CrownPoint's ability to create a competitive environment that maximizes value for our clients," said Shannon Bona of CrownPoint Partners. "The combination of stable automotive service tenancy and billboard income generated significant investor demand."

"Aside from being located in a traditional, strong retail corridor with traffic counts of nearly 30,000 vehicles per day, the Subject was less than five miles from Tuffy's Headquarters, a unique feature that captivated buyers interest. Being a location that close to HQ, the tenant must intimately know both the brand and the market" said Julius Swolsky of CrownPoint Partners.

About CrownPoint Partners
CrownPoint Partners is a national real estate brokerage and advisory firm with offices in West Palm Beach, Florida and Newport Beach, California. The firm is led by principals Julius Swolsky, Shannon Bona, and Don Bingham, recognized experts in net lease and sale-leaseback transactions. Leveraging decades of experience in investment sales, development, and institutional banking, CrownPoint provides services at every stage of the investment journey.

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CrownPoint's client base spans REITs and institutions, private equity, developers, business owners, and private investors. CrownPoint's Net Lease Investments and Sale-Leaseback platforms offer tailored solutions with specializations in investment sales, acquisitions, corporate expansion, value optimization, and unique ways to unlock capital.

Committed to consistency, transparency, and responsible investment practices, CrownPoint builds lasting partnerships and helps clients achieve their long-term financial goals.
Visit: www.crownpoint.co.