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33426677
33426676

183 E Dayton Yellow Springs Rd, Fairborn, OH 45324

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
GK
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$2,995,000
7 days on market
Updated 7 days ago

Walgreens - Fairborn OH

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,490
Cap Rate 11.50%
NOI $344,499
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 08/31/2027
Remaining Term 1.2
Lease Options Ten (10) 5-Year
Price per SqFt $207
Year Built 2000
Acreage 1.860
Investment Type Value Add
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2002
Ground Lease No
Sale Condition 1031 exchange

Retail | 11.50% CAP | 14,490 SqFt

Marketing description

Fairborn is a city in Greene County, Ohio, located within the Dayton metropolitan area. It had a population of 34,510 at the 2020 census, making it one of the largest suburbs of Dayton and a key community within the Miami Valley region. Situated along Interstate 675 and State Route 444, Fairborn offers convenient access to Dayton, Columbus, and Cincinnati, positioning it as a strategic hub for commerce, education, and military activity in southwestern Ohio.

The city's economy is strongly influenced by its proximity to Wright-Patterson Air Force Base, one of the largest and most important U.S. Air Force installations in the country. The base employs over 30,000 military, civilian, and contractor personnel and drives a significant portion of the local and regional economy. Wright State University, located just south of the city, is another major employer and a leading research institution known for its programs in engineering, health sciences, and business. Together, the base and the university contribute to a strong employment base in aerospace, defense, education, and technology.

Fairborn also features a growing mix of retail, healthcare, and service industries, supported by a steady residential population and consistent visitor activity from the nearby base and university. The city's central business district and commercial corridors, including those along Dayton-Yellow Springs Road and Broad Street, continue to see revitalization and new development. Several regional employers, such as Leidos, Northrop Grumman, and SAIC, maintain operations in or near Fairborn, further strengthening its position as part of Ohio's innovation and defense corridor.

Investment highlights

  • Walgreens Will Consider a 5 Year Renewal at the Site at $16 SF Reflective of $231,840
  • Absolute NNN Lease w/ No Landlord Obligations
  • 20 Year Operating History With Strong Sales Reporting
  • Corporate Guarantee Backed Lease from Walgreen Co.
  • Within 3 Miles of Wright Patterson Medical Center | 300+ Bed Medical Center
  • 11 Miles Outside of Downtown Dayton | Dayton OH MSA is One of the Top 15 Largest MSA's in The Midwest
  • 38,300+ Traffic Counts at the Signalized Intersection of E Dayton Yellow Springs Rd & Beaver Valley Rd
  • Within 2 Miles of Wright State University | Total Student Enrollment Exceeds 11,000+
  • Within 4 Miles of Wright Patterson Air Force Base | Employs 31,000 Civilians and Servicemen | Services Over 54,000 Retirees

Listing Contacts

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
GK
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$344,499.00
$28,708.25/mo

Valuation Metrics

0
DSCR
11.5%
Cap Rate
11.5%
ROI

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Additional Information

Name
Deno Bistolarides
License
BRKP.2020008390
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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