9960 Smt Pt Dr Miamisburg, OH 45342
- Retail properties
- 2,100 SF
- 0.99 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9960 Smt Pt Dr
- Year built
- 2024
- Lot size
- 0.99 lot acres
- Property size
- 2,100 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,100 square foot Dunkin' located in Miamisburg, Ohio (Dayton MSA). Built in 2024, this freestanding, drive-thru equipped property boasts a 15-year absolute NNN lease with a franchisee tenant, ensuring minimal landlord responsibilities. The lease includes 1.5% annual rent bumps, protecting against inflation and increasing NOI, currently at $140,000, resulting in a 5.75% cap rate on the $2,435,000 asking price. The property sits on a 0.99-acre lot with 21 parking spaces and benefits from a prime location along Springboro Pike, with high visibility and daily traffic exceeding 32,400 vehicles. Its strategic placement near Interstate 75, Austin Landing, and Dayton Mall ensures high consumer traffic. The surrounding area features a strong concentration of national retailers and a dense residential population with affluent demographics, boasting average household incomes exceeding $100,000 within a 5-mile radius. The property's zoning is PD-5: Planned Mixed-Use District. The lease features five 5-year renewal options, demonstrating the tenant's long-term commitment. This is a truly management-free investment opportunity with significant upside potential. The property's APN is K45 28321 0017.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miamisburg
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.2265
- Latitude
- 39.6063
