Listed by Quantum Real Estate Advisors
$490,000
Royal Bourbon Chicken | Dayton, OH
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,309
Units 1
Cap Rate 8.00%
NOI $39,253
Tenancy Single
Brand/Tenant Royal Bourbon Chicken
Lease Type Absolute NNN
Lease Expiration 05/31/2029
Rent Bumps Yes
Lease Options (2) 5-Year Options
Price per SqFt $212
Year Built 1977
Year Renovated 2015
Acreage 0.550
Parking Spaces 34 spaces
Parking per 1,000 SqFt 14.72
Investment Type Stabilized
Lease Commencement 06/01/2024
Ground Lease No
Retail | 8.00% CAP | 2,309 SqFt
Investment highlights
- Stabilized Investment Opportunity - Leased to Royal Bourbon Chicken on an Absolute Net-Lease featuring zero landlord responsibilities with over 2.5 years remaining on the initial term and (2) 5-year renewal options in place with annual rental increases
- Low Basis Asset - Provides an investor with the opportunity to acquire the asset on a low basis benefiting from below market in-place rents and long-term redevelopment potential upon lease expiration
- Ideal Demographics - The asset is located within a dense area with over 108,892 residents and an average household income of $84,200 within a 5-mile radius of the site
- Easily Accessible Site - The property features two points of ingress/egress from Fishburg Road and Old Troy Pike, providing excellent accessibility and visibility along roadways with a combined traffic count exceeding 27,568 VPD
- Neighboring Retail Tenants - Surrounded by tenants such as; Walgreens, Tropical Smoothie Cafe, Wingstop, Casey's, Dollar General, T-Mobile, Midas, and more
Listing Contacts
Listed by Quantum Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,253.00
$3,271.08/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
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