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31133945

105 N Springboro Pike, Dayton, OH 45449 For Sale

Calvin Lee
Listed by Calvin Lee
$1,780,000
123 days on market
Updated 109 days ago

Applebee's

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,889
Net Rentable (SqFt) 3,889
Cap Rate 6.47%
NOI $115,083
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2033
Remaining Term 7.5
Lease Options 4 x 5 Years
Price per SqFt $458
Year Built 1989
Investment Type Net Lease
Lease Commencement 12/20/2013

6.47% CAP - Prime Infill Location - Absolute NNN Lease

Marketing description

An absolute NNN retail investment with an attractive 6.47% cap rate. The lease is guaranteed by RMH Franchise Holdings, Inc., a major Applebee’s franchise operator with 131 locations across 14 states, providing scale and operating strength behind the tenancy.

The property benefits from strong visibility and accessibility along N. Springboro Pike, a heavily traveled retail artery with approximately 31,049 vehicles per day, serving the Dayton Mall trade area and surrounding national retail/restaurant concentration. The immediate consumer base is deep and established, with approximately 66,545 residents within a 3-mile radius, 30,544 households, and estimated 2024 average household income of $100,631, supporting consistent traffic and long-term demand for casual dining in this corridor.

The asset offers investors a combination of strong going-in yield, brand recognition, guarantor support, and passive absolute-net lease terms, well-suited for buyers seeking dependable income with minimal landlord responsibilities.

Investment highlights

  • 135,000 Residents within a 5 Miles Radius

  • Household Income of $105,606 within 5 Miles Radius

  • 84,517 Daytime Employment within 5 Miles Radius

  • Daily Traffic Count of 31,000 + Ve

Listing Contacts

Calvin Lee
Listed by Calvin Lee

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$115,083.00
$9,590.25/mo

Valuation Metrics

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DSCR
6.47%
Cap Rate
6.47%
ROI

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