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    OFF-MARKET
    Neighborhood centers

    5145 Salem Ave, Dayton, OH 45426

    161,631 SF 16 ac lot Built 1976
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity encompasses 161,631 square feet within a thriving strip center located at 5145 Salem Avenue, Dayton, Ohio. The property boasts a prime location in Montgomery County, situated on 16 acres of land and featuring 913 parking spaces. Currently, there are 4,000 square feet of vacant space available, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 4,000 square feet. The building, constructed in 1976, is zoned G-B General Business District and features two total suites. This well-established center benefits from strong co-tenancy, including PNC Bank, Gordon Food Service, Big Lots, Dollar Tree, Shoe Carnival, Jo-Ann Fabrics, and other diverse retail, restaurant, and banking establishments. The property enjoys excellent visibility due to its corner outlot position and pylon and wall signage at a signalized intersection. Ideal uses include, but are not limited to, nail salons, hair/barber shops, restaurants, coffee shops, furniture and appliance stores, cell phone sales/repair businesses, smoke/vape/CBD shops, and other service-oriented retail, restaurant, and office uses. Recent improvements include investment in the parking lot and landscaping. Promotional incentives and tenant improvement allowances are available, subject to tenant credit and lease terms. Year 1 promotional pricing is available, with base rent adjusting to $10 per square foot, NNN, in Year 2, and annual market rate increases thereafter. This is a remarkable opportunity for businesses seeking high visibility and strong co-tenancy in a bustling Dayton location.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 1976
    Total area 161,631 SF
    Lot 16 ac (696,960 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • close Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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