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19931930
19931931

183 E Dayton Yellow Springs Rd, Fairborn, OH 45324

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
GK
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$2,850,000
636 days on market
Updated 22 days ago

Walgreens - Fairborn Ohio

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 14,490
Cap Rate 12.09%
NOI $344,499
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 08/31/2027
Remaining Term 1.2
Rent Bumps No
Lease Options (10) 5 Year Options
Price per SqFt $197
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Acreage 1.860
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/2002
Ownership Fee Simple

Retail | 12.09% CAP | 14,490 SqFt

Marketing description

Absolute NNN Lease w/ No Landlord Obligations

20 Year Operating History With Strong Sales Reporting Corporate Guarantee Backed Lease from Walgreen Co.

Within 3 Miles of Wright Patterson Medical Center | 300+ Bed Medical Center

11 Miles Outside of Downtown Dayton | Dayton OH MSA is One of the Top 15 Largest MSA's in The Midwest

38,300+ Traffic Counts at the Signalized Intersection of E Dayton Yellow Springs Rd & Beaver Valley Rd

Within 2 Miles of Wright State University | Total Student Enrollment Exceeds 11,000+

Within 4 Miles of Wright Patterson Air Force Base | Employs 31,000

Civilians and Servicemen | Services Over 54,000 Retirees

Investment highlights

Absolute NNN Lease w/ No Landlord Obligations

20 Year Operating History With Strong Sales Reporting Corporate Guarantee Backed Lease from Walgreen Co.

Within 3 Miles of Wright Patterson Medical Center | 300+ Bed Medical Center

11 Miles Outside of Downtown Dayton | Dayton OH MSA is One of the Top 15 Largest MSA's in The Midwest

38,300+ Traffic Counts at the Signalized Intersection of E Dayton Yellow Springs Rd & Beaver Valley Rd

Within 2 Miles of Wright State University | Total Student Enrollment Exceeds 11,000+

Within 4 Miles of Wright Patterson Air Force Base | Employs 31,000

Civilians and Servicemen | Services Over 54,000 Retirees

Listing Contacts

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
GK
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$344,499.00
$28,708.25/mo

Valuation Metrics

0
DSCR
12.09%
Cap Rate
12.09%
ROI

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Additional Information

Name
Deno Bistolarides
License
BRKP.2020008390
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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