183 Dayton Yellow Springs Rd Fairborn, OH 45324
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High-yield Walgreens, absolute NNN lease.
Property size:
14,490 SFProperty 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
Listing Agency: Encore Real Estate Investment Services Listing Agent: Danny Samona
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 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
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).
