NNN Lease with Corporate
183 E Dayton Yellow Springs Rd Fairborn, OH 45324
183 E Dayton Yellow Springs Rd, Fairborn, OH, 45324
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For Sale
Contact for pricing
NNN property with a corporate-backed lease and strong sales.
Property Size14,490 SF
Price / SF$196.69
Days on Market681
Property Features for 183 E Dayton Yellow Springs Rd
General Information
- Standard status
- Active
- Size
- 14,490 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing Agency
Encore Real Estate Investment Services
Listed by
Deno Bistolarides · License #6502378067
Source
Crexi
Added: Sep 5, 2024 Checked: Jul 17 at 4:38 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This property features an absolute NNN lease with no landlord obligations and a 20-year operating history with strong sales reporting. The lease is corporately guaranteed by Walgreen Co. The property is located within 3 miles of Wright Patterson Medical Center, a medical center with over 300 beds. It is also situated 11 miles outside of Downtown Dayton, within the Dayton, OH MSA, which is one of the top 15 largest MSAs in the Midwest. The location benefits from high traffic counts, with over 38,300 vehicles passing through the signalized intersection of E Dayton Yellow Springs Rd & Beaver Valley Rd. Additionally, it is within 2 miles of Wright State University, which has a total student enrollment exceeding 11,000. The property is also located within 4 miles of Wright Patterson Air Force Base, which employs 31,000 civilians and servicemen and services over 54,000 retirees. The property size is 14,490 square feet.
Key Highlights
- Absolute NNN Lease w/ No Landlord Obligations
- Corporate Guarantee Backed Lease from Walgreen Co.
- 20 Year Operating History With Strong Sales Reporting
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.0k | $15.60 |
| − Vacancy | −$9.7k | −$0.67 |
| EGI | $216.3k | $14.93 |
| − OpEx | −$54.1k | −$3.73 |
| NOI | $162.2k | $11.20 |
14,490 SF · lease $15.60/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,243 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$1.95M
$1.71M – $2.28M
NOI $136,711 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office B
$2.72M
$2.38M – $3.18M
NOI $190,715 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
LibertyX Bitcoin ATM
Atm
FedEx OnSite
Postal Service
Western Union
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Walgreens Pharmacy — 183 E Dayton Yellow Springs Rd, Fairborn, OH 45324
- CVS Pharmacy — 200 E Dayton Yellow Springs Rd, Fairborn, OH 45324
- Michael A. Nwankwo, RPH — 183 E Dayton Yellow Springs Rd, Fairborn, OH 45324
- Brittany Koester, RPH — 183 E Dayton Yellow Springs Rd, Fairborn, OH 45324
- COVID-19 Drive-Thru Testing at Walgreens — 183 E Dayton Yellow Springs Rd, Fairborn, OH 45324
FAQs
What type of property is this?
Drug store - NNN property with a corporate-backed lease and strong sales.
Where is this drug store located?
The property is located at 183 E Dayton Yellow Springs Rd Fairborn, OH.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Absolute NNN Lease w/ No Landlord Obligations; Corporate Guarantee Backed Lease from Walgreen Co.; **20 Year Operating History With Strong Sales Reporting**
