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33319382

55 ELVA CT, VANDALIA, OH 45377

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners
$3,286,510
2 days on market
Updated 2 days ago

MSH | 15 Yr Abs NNN | Vandalia, OH

Details
APN B02-00104-0075
Property Type Retail, Office
Sub Type Medical Office, Dental office
Square Footage 10,410
Cap Rate 7.25%
NOI $238,272
Tenancy Single
Brand/Tenant Aspen Dental, Heartland Dental
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Price per SqFt $316
Broker Co-Op True
Class A
Year Built 1978
Year Renovated 2025
Buildings 1
Acreage 1.460
Parking Spaces 59 spaces
Parking Per SqFt 5.67
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback

Dental Office | 7.25% CAP | Absolute NNN

Marketing description

Office • 10,410 SF • 1 Unit

Investment highlights

PROPERTY HIGHLIGHTS

• Brand New 15 Year Absolute Net Lease with National Dental Support Organization (DSO)

• Zero Landlord Responsibilities

• Attractive Annual 2% Rent Increases in Base Term and Options

• Essential Use Medical Tenant that is Resilient through Economic Cycles

• Tenant is a Well-Established Dental Support Organization (DSO) with over 30 Locations Nationwide

• Situated on a 1.46 Acre Site With 59 On-Site Parking Spaces, Handicap Accessibility, and Security Systems

• Ideal For Private Investors or 1031 Exchange Buyers Seeking a Manageable, Income-Producing Healthcare Asset With Strong Credit Tenancy

• Strategically Positioned Near the Intersection of Interstate 70 and Interstate 75 Providing Excellent Regional and National Connectivity

• Located Within a Strong Industrial Corridor Near Dayton International Airport Supporting Long-Term Tenant Demand from Logistics and Distribution Users

LOCATION HIGHLIGHTS

• Positioned in Vandalia, a Strategic Submarket of the Dayton MSA Known for Strong Industrial and Logistics Activity

• Excellent Connectivity with Immediate Access to Interstate 75 and Interstate 70, Two Major Transportation Corridors Intersecting Near the Property

• Proximity to Dayton International Airport, a Key Regional Logistics Hub Supporting Air Cargo and Distribution Operations

• Located Within a Well-Established Industrial and Commercial Corridor Supporting Distribution, Manufacturing, and Service Based Businesses

• Strong Regional Employment Base Driven by Logistics, Manufacturing, Aerospace, and Defense Industries • Vandalia Serves as a Key Distribution Node Within the Midwest Due to Its Centralized Location and Transportation Infrastructure

• Proximity to Major Employers Including Amazon Distribution Facilities, FedEx, and Other National Logistics Operators

• The Dayton Market Continues to Experience Industrial Growth Supported by Favorable Logistics Infrastructure and Business Friendly Environment

Listing Contacts

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$238,272.00
$19,856.00/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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