183 Dayton Yellow Springs RdFairborn, OH 45324

For Sale
$3,445,000

High-yield Walgreens, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple Walgreens property located at 183 E Dayton Yellow Springs Rd, Fairborn, OH 45324. The 14,490 square foot building, constructed in 2000, sits on a 1.86-acre lot and boasts a 10% cap rate with a strong NOI of $344,499. The property benefits from an absolute NNN lease with Walgreens, a credit-rated tenant with a corporate guarantee, ensuring minimal landlord responsibilities. The lease commenced September 1, 2002, and has a remaining term of approximately 2.8 years, with ten 5-year renewal options. The property enjoys a prime location, experiencing high traffic counts at the signalized intersection of E Dayton Yellow Springs Rd & Beaver Valley Rd. Its proximity to Wright Patterson Medical Center (a 300+ bed facility), Wright State University (over 11,000 students), and Wright Patterson Air Force Base (31,000+ employees and 54,000+ retirees) ensures consistent customer traffic and strong long-term potential. The asking price is $3,445,000, translating to a price per square foot of $237.75. This stabilized investment offers a compelling return with a well-established tenant and a desirable location within the Dayton OH MSA, one of the top 15 largest in the Midwest. The property has a 100% occupancy rate and a 20-year operating history with strong sales reporting.

Highlights

  • Fee-simple Walgreens property, 14,490 SF, on 1.86 acres, located at 183 E Dayton Yellow Springs Rd, Fairborn, OH 45324.
  • Absolute NNN lease with Walgreens, corporate guarantee, minimal landlord responsibilities.
  • 10% cap rate, $344,499 NOI, $3,445,000 asking price ($237.75/SF).
  • 2.8 years remaining lease term, ten 5-year renewal options.
  • High-traffic location at signalized intersection of E Dayton Yellow Springs Rd & Beaver Valley Rd (38,300+ traffic counts).
  • Excellent proximity to Wright Patterson Medical Center (300+ beds), Wright State University (11,000+ students), and Wright Patterson Air Force Base (31,000+ employees, 54,000+ retirees).

Property Details for 183 Dayton Yellow Springs Rd

Property type
Other retail properties, Individual retail properties
Square Feet
14,490 SF
Year Built
2000
Lot Size (sq. ft)
81,022 SF

Location Insight

City
Fairborn
County
Greene
State
Ohio
Latitude
39.789571429558
Longitude
-84.021018134712
183 Dayton Yellow Springs Rd, Fairborn, Ohio

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183 Dayton Yellow Springs Rd
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