3909 Salem AveDayton, OH 45406

For Sale
$2,187,364

High-yield, net-leased medical office.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a single-tenant, net-leased medical office building totaling 15,896 square feet, situated on a 1.19-acre lot in Dayton, Ohio. The property, built in 1955, is currently 100% occupied by DB Plasma, a key player in the US plasma donation industry, under a lease commencing December 7, 2006, and expiring December 31, 2031. This provides a substantial remaining lease term of approximately 7.1 years. The lease includes attractive 3% annual rent bumps, further enhancing the investment's long-term value. Two five-year renewal options are also included. The property boasts a strong NOI of $171,708, resulting in a compelling 7.85% cap rate. The strategic location on Salem Avenue, a high-traffic corridor (13,200 vehicles per day), benefits from proximity to numerous national retailers, including Kroger, McDonald's, O'Reilly Auto Parts, and others. The surrounding area boasts a robust population of over 138,100 people within a five-mile radius, with an average household income exceeding $65,925. DB Plasma's commitment to the location, evidenced by multiple lease extensions, underscores the stability and long-term potential of this investment. The property's essential business nature and e-commerce resistance add to its appeal. This is a rare opportunity to acquire a high-performing, net-leased asset with significant upside potential in a desirable Dayton MSA location. The asking price is $2,187,364.

Highlights

  • Dayton MSA location.
  • E-commerce resistant, essential business.
  • Strong operating history since 2006 with multiple lease extensions.
  • 7+ years remaining on primary lease term with 3% annual rent increases.
  • High-traffic location on Salem Ave (13,200 VPD), near Kroger, McDonald's, and other national retailers.
  • Dense population (138,100+) and high average household income ($65,925+) within a five-mile radius.

Property Details for 3909 Salem Ave

Property type
Other retail properties, Other office properties
Square Feet
15,896 SF
Year Built
1955
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.7987943
Longitude
-84.2521449
3909 Salem Ave, 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].
3909 Salem Ave
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