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WAG Small Format | Low $ Point | On 1.6 Acres 5045 N Main St

2,500 SF Retail Building Dayton, OH 45415 $1,870,000 ($748/SF) 6.10% Cap Rate

Investment Highlights

  • Long-Term, NNN Lease with 8.5 Years of Term Remaining, Ideally Located on Oversized 1.62 Acre Lot
  • Low Price Point Deal Compared to a Traditional Walgreens, Ideal for 1031 Buyers
  • Surrounded by Established Residential Neighborhoods and 4 Schools Offering Ideal Demographics: 148,000+ People
  • Corporately Backed, Single-Tenant Pharmacy Location with High-Profile, Publicly-Traded Walgreens (NASDAQ: WBA/S&P “BBB-”/Moody’s “Baa2”)
  • Near Hard Corner Location of Main Street and Turner/Shoup Mill Road with Over 42,000 Vehicles Per Day Surrounding the Property
  • State’s Largest Single-Site Employer: Wright-Patterson Air Force Base (14 Miles) with 25,000 Military and Civilian Employees

Executive Summary

-New Walgreens Pharmacy Small-Format Prototype Store: Personalized Pharmacy Care Geared Towards Health and Wellness and Over-the-Counter Medications - Walgreens Success with Pilot Store Locations and Continued Growth Adding Additional Locations
-Long-Term, NNN Lease with 8.5 Years of Term Remaining, Ideally Located on Oversized 1.62 Acre Lot
-Minimal Management Responsibilities: Tenant Responsible for All Daily Management, While Landlord is Only Responsible for Roof/Structure (15-Year Transferrable Warranty) on Newly Built 2023 Store with Highly Visible Monument Signage with Excellent Frontage

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
2,500 SF
Building Class
C
Year Built
2022
Price
$1,870,000
Price Per SF
$748
Cap Rate
6.10%
NOI
$114,100
Tenancy
Single
Building Height
1 Story
Zoning
C - Commercial

Amenities

  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Walgreens
  • -
  • 2,500 SF
  • -
  • Triple Net
  • Jan 2033
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Walgreens - 2,500 SF - Triple Net Jan 2033
  • Listing ID: 32463961

  • Date on Market: 7/15/2024

  • Last Updated:

  • Address: 5045 N Main St, Dayton, OH 45415

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