5145 Salem AveDayton, OH 45426

For Lease
$10/SF/YR

High-visibility retail space available. Multiple suites, ample parking.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional retail opportunity encompasses 161,631 square feet within a thriving strip center located at 5145 Salem Avenue, Dayton, Ohio. The property boasts a prime location in Montgomery County, situated on 16 acres of land and featuring 913 parking spaces. Currently, there are 4,000 square feet of vacant space available, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 4,000 square feet. The building, constructed in 1976, is zoned G-B General Business District and features two total suites. This well-established center benefits from strong co-tenancy, including PNC Bank, Gordon Food Service, Big Lots, Dollar Tree, Shoe Carnival, Jo-Ann Fabrics, and other diverse retail, restaurant, and banking establishments. The property enjoys excellent visibility due to its corner outlot position and pylon and wall signage at a signalized intersection. Ideal uses include, but are not limited to, nail salons, hair/barber shops, restaurants, coffee shops, furniture and appliance stores, cell phone sales/repair businesses, smoke/vape/CBD shops, and other service-oriented retail, restaurant, and office uses. Recent improvements include investment in the parking lot and landscaping. Promotional incentives and tenant improvement allowances are available, subject to tenant credit and lease terms. Year 1 promotional pricing is available, with base rent adjusting to $10 per square foot, NNN, in Year 2, and annual market rate increases thereafter. This is a remarkable opportunity for businesses seeking high visibility and strong co-tenancy in a bustling Dayton location.

Highlights

  • 161,631 SF retail space in a Dayton, OH strip center.
  • Prime Montgomery County location on 16 acres with 913 parking spaces.
  • 4,000 SF of divisible vacant space (1,000-4,000 SF units).
  • Strong co-tenancy including PNC Bank, Big Lots, and others.
  • High visibility corner outlot with pylon and wall signage.
  • Tenant improvement allowances and promotional incentives available.

Property Details for 5145 Salem Ave

Property type
Neighborhood centers, Shopping centers
RSF (Rentable sq. ft)
161,631 SF
Year Built
1976

Unit(s) available at that property

Space
5143
Size
2,110 SF
Rate per SF
$10

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.81823814465
Longitude
-84.277001913194
5145 Salem Ave, Dayton, Ohio

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5145 Salem Ave
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