Walgreens (Subleased to Dollar General) 5271 Salem Ave
14,809 SF Retail Building Trotwood, OH 45426 $2,990,000 ($202/SF) 8.91% Cap Rate
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INVESTMENT HIGHLIGHTS
- Long Term Lease
- Zero Landlord Responsibilities
- High Traffic Counts
- Corporate Guaranty
- Strategic Retail Location
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net leased Walgreens (subleased to Dollar General) located at 5271 Salem Avenue in Trotwood, Ohio (the “Property”). The build-to-suit Property was completed in 2004, and Walgreens has 4+ years remaining on an absolute triple-net lease. Walgreens subleased the premises to Dollar General in December 2022. The Property is well located at the signalized intersection of Salem Avenue and OH Route 49, the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage, visibility, and access, and is positioned in the heart of a dense commercial cluster driving traffic to the area and is surrounded by heavily populated residential neighborhoods and apartment communities that provide a captive customer base. The Property benefits from convenient access to the area’s primary roadways and interstates, as well as the area’s economic drivers including the Miami Valley Hospital North Campus and Downtown Dayton.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,809 SF
Building Class
B
Year Built
2004
Price
$2,990,000
Price Per SF
$202
Cap Rate
8.91%
NOI
$266,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.23 AC
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