Dark Hardee's | Walmart/Home Depot Outparcel | 2022 Build
Dayton MSA | Strong Retail Synergy
Marketing description
Matthews is pleased to present the opportunity to acquire a value-add, single-tenant net-leased Dark Hardee’s located at 1286 E Ash Street in Piqua, OH. The offering represents an attractive opportunity to acquire a recently constructed, high-quality drive-thru restaurant along a strong retail corridor in Piqua. The property is well-positioned for redevelopment or an owner/user and benefits from a strategic location outparcel to the Miami Valley Crossing Shopping Center, anchored by Walmart Supercenter and Home Depot, and featuring additional national tenants including Dollar Tree, Goodwill, Bath & Body Works, and others.
Situated on a ±0.98-acre lot, the ±2,844 SF property was newly constructed in 2022 and features a modern quick-service restaurant prototype with a drive-thru. The property also benefits from excellent accessibility, with both left- and right-hand turn access from E Ash Street at one of the primary entry points to the Miami Valley Crossing Center, ensuring strong ingress and egress for customers.
Investment highlights
Property Highlights
New Construction QSR Prototype: Built in 2022, the property offers investors and owner/users a modern restaurant building featuring a drive-thru and strong access from the main retail corridor.
Walmart and Home Depot Anchored Outparcel: The property is strategically located as an outparcel to the Miami Valley Crossing Shopping Center, a high-quality retail center anchored by Walmart Supercenter and Home Depot.
Proximity to I-75: The property benefits from immediate access to the on/off ramps of Interstate 75, which sees approximately 50,710 vehicles per day and serves as a major traffic artery connecting Dayton and Cincinnati.
Attractive Value-Add Opportunity: The property provides investors and owner/users the opportunity to acquire a high-quality restaurant asset in a strong retail location at a low overall price and below current replacement cost on a price-per-square-foot basis.
Strong Retail Synergy: The property fronts E Ash Street, the area’s primary commercial corridor, which sees over ±8,600 vehicles per day and is surrounded by national retailers including Dairy Queen, McDonald’s, Aldi, Planet Fitness, Starbucks, Arby’s, Taco Bell, Murphy USA, Valvoline Instant Oil Change, Verizon, KAY Jewelers, AT&T, and several financial institutions.
Piqua, OH Economic Growth: Historically, Piqua has strong roots in manufacturing and industrial production, with companies in plastics, automotive parts, and metal fabrication continuing to play key roles in the local economy. In recent years, the area has experienced growth in logistics and distribution due to its proximity to Interstate 75, which provides efficient access to major Midwest markets. Healthcare, retail, and small business development also contribute to the city’s expanding economic base.
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