9040 Dayton Lebanon PikeDayton, OH 45458

For Sale
$1,171,000

High-growth market, corporate-guaranteed lease.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 1,421 square foot Take 5 Oil Change, located at 9040 Dayton Lebanon Pike, Dayton, OH 45458. The property sits on a 0.4-acre lot and includes five parking spaces. This is a stabilized, absolute NNN net lease with a corporate guarantee from Driven Systems, LLC, offering zero landlord responsibilities. The lease commenced September 21, 2024, and has a remaining term of approximately 9.8 years, expiring September 20, 2034. Rent increases by 10% every five years, ensuring consistent income growth. The property boasts a 6.15% cap rate and a current NOI of $72,000. Built in 2024, this is the latest Take 5 prototype featuring three service bays. The property benefits from excellent visibility and access, situated in a high-growth market with 135,094 residents in the primary trade area, boasting an average household income of $126,639. The location is minutes from the University of Dayton and surrounded by national tenants including Kroger, McDonald's, Walgreens, Starbucks, Taco Bell, Chipotle, and AutoZone. The ground lease has a remaining term of 10 years, expiring September 1, 2024. Four, five-year lease options are included. This is a single-tenant property with 100% occupancy.

Highlights

  • 135,094 residents in the primary trade area, boasting an average household income of $126,639.
  • High-growth market with an 11% population increase since 2010.
  • Excellent visibility and access to a major thoroughfare with 21,361 vehicles per day (VPD), and convenient access to downtown Dayton (10 miles).
  • Minutes from the University of Dayton, a significant employment center with 11,674 students and 3,199 employees.
  • Strategically located near national retailers including Kroger, McDonald's, Walgreens, Starbucks, Taco Bell, Chipotle, and AutoZone.

Property Details for 9040 Dayton Lebanon Pike

Property type
Other retail properties, Automotive properties
Square Feet
1,421 SF
Year Built
2024
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.6129701
Longitude
-84.1597122
9040 Dayton Lebanon Pike, Dayton, Ohio

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9040 Dayton Lebanon Pike
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