4317 FEEDWIRE RD Dayton OH 45440-3970

This asset is encumbered by assumable, in-place debt at a competitive rate, achieving a 8.74% cash-on-cash return at a 7.00% cap acquisition.

In June 2020, the cap rate increases to 7.70% and the cash-on-cash return reaches 11.37%.

Required equity: $2.7 Million. See page 8 of OM for further details.

There are eleven (11.1) years remaining on the lease term, plus four (4), five (5) year options.

The lease provides for 10% rental increases every five (5) years, with the next bump to occur in 2020.

Fresh Thyme is a full-service, natural and specialty grocer offering a farmer’s market concept with nutritious options at an affordable price. They have 77+ locations and over 100 planned locations set to open by 2020.

The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances.

There are 128,624 residents located in the five (5) mile demographic ring.

The average household income in the five (5) mile demographic ring is an affluent $89,262.

The subject property is located in a busy retail corridor filled with many national brands, which helps drives traffic to the store. Nearby retailers include PetSmart, The Home Depot, Costco, Kroger, Target, Cabela’s and Morris Home, among others.

Centerville is located in the Dayton MSA, which is home to over 803,416 residents. The Fresh Thyme is located 12 miles away from Dayton, OH who’s economy is supported by the defense, aerospace and healthcare industries.

Centerville is home to over 800 businesses and is beginning to see growth in retail, residential and hospitality development.

Fresh Thyme has strong frontage on Feedwire Rd. and can be seen from the I-675 Freeway. Both streets report combined traffic counts of 76,230 cars per day at this location.

Stan Johnson Company is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Marshalls property located in Centerville, OH (the “Property”). The Property is an exceptionally well located, 100% occupied, free-standing retail store with 28,780 rentable square feet on 4.02 acres of land. The Property is fully leased to Marshalls, who recently signed a 10-year, NNN lease with rental escalations every 5 years. See Lease Abstract for full details.

​Investment-Grade Parent Entity

​New 10-Year NNN Lease with Escalations

​Positioned in a High-Density, Rapidly Expanding Retail Corridor

​Relocation Site

​Exceptional Demographics

​Outstanding Access & Visibility