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    183 Dayton Yellow Springs Rd Fairborn, OH 45324

    For Sale
    $3,445,000

    High-yield Walgreens, absolute NNN lease.

    Property size:
    14,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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.

    Property Features for 183 Dayton Yellow Springs Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,490 SF
    Lot Size
    81,022 SF

    Building Details

    Year Built
    2000

    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 Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy LibertyX Bitcoin ATM Atm FedEx OnSite Mailing Service Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairborn
    County
    Greene
    State
    Ohio
    Longitude
    -84.021018134712
    Latitude
    39.789571429558

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens, absolute NNN lease.
    Where is this individual retail property located?
    The property is located at 183 Dayton Yellow Springs Rd Fairborn, OH.
    What is the asking price?
    The asking price for this property is $3,445,000.
    What are key features of this property?
    This property features: 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).
    Request Owner's contact information
    183 Dayton Yellow Springs Rd Fairborn, OH 45324
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    Fairborn, OH 45324
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    183 Dayton Yellow Springs Rd Fairborn, OH 45324
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