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55 ELVA CT # 100 Vandalia OH 45377

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Details
Property Type Office
Sub Type Medical Office
Building SqFt 10,410
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Year Built 1978
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Remaining Term ******
Days on Market ******
Latitude 39.8860
Longitude -84.2007

Property History

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Property Type
Property Type
Office
Property Subtype
Medical Office
Asking Details
Asking Cap Rate
******
Marketing Description

CrownPoint Partners is pleased to present the fee-simple interest in a high-quality, single-tenant property at 55 Elva Ct, Vandalia, OH 45377. The property is leased to a well-established tenant under a brand-new 15-year Absolute NNN lease, ensuring zero landlord responsibilities and a 100% passive income stream. The lease provides an annual base rent of $243,000 with 2% annual increases, offering predictable income growth and long-term stability. With a 7.50% cap rate, this asset presents an attractive return in a growing market with strong economic fundamentals. Located in Vandalia, OH, a key submarket of Dayton, the property benefits from excellent accessibility, high visibility, and proximity to major roadways. The area features a strong mix of residential neighborhoods and commercial developments, reinforcing the demand for services provided at this location. Vandalia is known for its business-friendly environment and economic growth, making it an ideal setting for longterm investment. This offering represents a rare opportunity to acquire a stable, income-generating asset with a financially secure tenant and a long-term lease structure. With passive ownership, steady rent escalations, and a prime location, this property is a compelling addition to any real estate portfolio.

Investment Highlights
  • Long-Term Stability: Brand-new 15-year Absolute NNN lease offers predictable cash flow with zero landlord responsibilities.

  • Strong Tenant: Occupied by a well-established company with a history of success and industry leadership.

  • Proven Performance: Operated by an experienced tenant with a track record of reliable operations and growth.

  • Prime Vandalia Location: Strategically positioned in a growing market with excellent access to major roadways and a strong local economy.

  • Attractive Lease Terms: Absolute NNN lease with 2% annual rent escalations ensures reliable income and built-in rental growth.

  • Hassle-Free Ownership: No landlord responsibilities and potential tax advantages, including opportunities for accelerated depreciation.

  • Economic Growth Potential: Located in a flourishing area with strong household incomes, a growing population, and a supportive local economy.

  • Strategic Access: High visibility and accessibility in a well-trafficked area, serving a strong and expanding community.

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
DB
Don Bingham III PRO
•••.•••.9466
don@•••••••••t.co
Brokerage logo
Sold on
 BY:
JS
Julius Swolsky PRO
•••.•••.3704
••lius@•••••••••t.co
Brokerage logo

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