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3245 Dayton Xenia Rd

3,079 SF Retail Building Dayton, OH 45434 $857,000 ($278/SF) 5.25% Cap Rate

Investment Highlights

  • New 5-year lease extension beginning January 1, 2025
  • Scheduled 2.5% annual rental increases hedge against inflation
  • Below market lease rate of $14.62/SF
  • Absolute NNN ground lease with zero landlord responsibilities
  • Pad site to 18th busiest Kroger in the nation with 2M annual visitors
  • High three-mile average household income of $143,826

Executive Summary

Blue West Capital is pleased to exclusively offer for sale a single-tenant U.S. Bank located in Beavercreek, OH (Dayton MSA). U.S. Bank is operating on an absolute NNN ground lease offering no landlord responsibilities. U.S. Bank has been operating at this location for nearly 50 years and recently signed a 5-year lease extension which begins December 1, 2025 and includes two, five-year options.
The property is located along Dayton-Xenia Rd (15,000 VPD) at its intersection with N Fairfield Rd (27,300 VPD). The property is a pad site to the 8th busiest Kroger in the nation with 2 million annual visitors. U.S. Bank is an investment-grade bank (S&P: A+) and the 5th largest in the U.S. by assets ($665B).

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,079 SF
Building Class
C
Year Built
1976
Price
$857,000
Price Per SF
$278
Cap Rate
5.25%
NOI
$45,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.55 AC
Zoning
B2
Parking
20 Spaces (6.5 Spaces per 1,000 SF Leased)
Frontage
104 FT on Dayton Xenia Rd

Amenities

  • Drive Thru

Nearby Major Retailers

Tim Hortons
Marion's Piazza
U.S. Bank
PNC Bank
Frisch's Big Boy
Hot Head Burritos
Fifth Third Bank
WesBanco
Bob Evans Restaurants
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
B42-0005-0005-0-0181-00
Land Assessment
$65,520
Improvements Assessment
$181,340
Total Assessment
$246,860
  • Listing ID: 33773131

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 3245 Dayton Xenia Rd, Dayton, OH 45434

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