433 Wolf Creek StBrookville, OH 45309

For Sale
$1,690,000

Net-leased retail; strong tenant; high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 7,225 square foot, single-tenant retail property located at 433 N Wolf Creek St, Brookville, OH 45309. The property, built in 2023, sits on a 0.88-acre lot and is currently 100% occupied by O'Reilly Auto Parts under a Net Net (NN) lease with 13.3 years remaining. The lease commenced February 22, 2023, and expires March 1, 2038, with four 5-year renewal options. Rent increases are built in, with a 5.825% increase 5 years after year 10 and a 6% increase every 5 years during the option periods. The property boasts a strong 6.25% cap rate and a Net Operating Income (NOI) of $105,608. This is a build-to-suit property, indicating a high likelihood of tenant retention. The property benefits from its location within the Dayton MSA, a vibrant market with over 800,000 residents, and is surrounded by other major retailers including IGA Grocery, Rite Aid, Dollar Tree, Subway, Pizza Hut, Advanced Auto Parts, Holiday Inn Suites, and Waffle House. The lease is backed by a corporate guaranty from O'Reilly Auto Parts, providing significant financial security. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity. The property's APN is C05-00112-0036. Asking price is $1,690,000.

Highlights

  • $1,690,000 asking price for a 7,225 SF retail property in Brookville, OH.
  • Net-Net (NN) lease with O'Reilly Auto Parts, a Fortune 500 company, providing a corporate guarantee.
  • 13.3+ years remaining on the lease term, with rent increases at year 10 and every 5 years in option periods.
  • Located in the Dayton MSA (800,000+ population), with strong co-tenancy including IGA, Rite Aid, and other national retailers.
  • New, build-to-suit construction, increasing tenant retention probability.

Property Details for 433 Wolf Creek St

Property type
Other retail properties, Automotive properties
Square Feet
7,225 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
38,333 SF

Location Insight

City
Brookville
County
Montgomery
State
Ohio
Latitude
39.8393964
Longitude
-84.4222562
433 Wolf Creek St, Brookville, Ohio

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433 Wolf Creek St
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