4596 Old Troy PikeDayton, OH 45404

For Sale
$490,000

High-Yield Auto Shop, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 1,588 square foot auto shop (lube & filter, service pits) in Dayton, Ohio. Located at 4596 Old Troy Pike, this single-tenant property boasts a strong 100% occupancy rate under a triple-net (NNN) lease with a remaining term of approximately 3.7 years. The current lease, commencing August 1, 2023, and expiring July 31, 2028, includes annual rent bumps of 3% and two five-year renewal options, also with rent increases. The property features two drive-in doors and work bays equipped with service pits, ideal for efficient operations. Situated on a signalized corner lot at the intersection of Old Troy Pike (SR 202) and Needmore Road, this location offers excellent visibility and accessibility, approximately 2 miles from I-75. The property's strong financials include a Net Operating Income (NOI) of $40,399, resulting in an attractive 8.24% cap rate. Built in 1959, the building is zoned C-auto, reflecting its suitability for automotive-related businesses. The asking price is $490,000, translating to $308.56 per square foot. This stabilized investment offers a compelling combination of strong cash flow, long-term lease security, and a prime location. This is a rare opportunity to acquire a well-established, high-performing auto shop in a desirable market.

Highlights

  • $490,000 asking price for a stabilized, single-tenant auto shop in Dayton, OH.
  • 1,588 square foot building on a 5-year NNN lease with 3% annual rent increases and two 5-year options.
  • 8.24% cap rate with a $40,399 NOI and 100% occupancy.
  • Located at 4596 Old Troy Pike, Dayton, OH 45404, on a signalized intersection near I-75.
  • Features two drive-in doors, service pits, and is zoned C-auto.
  • Built in 1959, with a price per square foot of $308.56.

Property Details for 4596 Old Troy Pike

Property type
Other retail properties, Automotive properties
Square Feet
1,588 SF
Class
C
Year Built
1959
Buildings
1

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.821633660238
Longitude
-84.144999941393
4596 Old Troy Pike, Dayton, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4596 Old Troy Pike
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message