111 Front St Dayton, OH 45402
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Willoughby Supply / Big Box & Wholesale Store
Property Details for 111 Front St
- Lot size
- 2.70 lot acres
- Property size
- 33,553 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
Description
This exceptional investment opportunity presents a 33,553-square-foot industrial distribution facility located at 111 Front St, Dayton, OH 45402, situated on a 2.7-acre lot. The property boasts a strong corporate guarantee from SRS Distribution, a subsidiary of Home Depot (NYSE: HD), providing financial stability and security. The current lease, a Net Lease (NNN) agreement, commenced August 1, 2019, and has a remaining term of approximately five years, extending to October 31, 2029, with built-in 2.5% annual rent increases. The property features seven loading docks and three dock-high doors, enhancing operational efficiency. The building underwent renovations in 1965 and 1999, and most recently received a brand-new roof in 2024, complete with a 20-year warranty, minimizing future maintenance expenses. The property's Net Operating Income (NOI) is $146,154, yielding a 7.00% cap rate, based on an asking price of $2,088,000. The strategic Dayton location offers easy access to major interstates I-75 and I-70, providing convenient access to key Midwest markets. The land value is $17.75 per square foot, and the building's price per square foot is $62.23. This property represents a compelling investment opportunity in a thriving Midwest industrial market with a high-quality tenant and a long-term lease. The property's APN is R72-00810-0001. The 100% occupancy rate further solidifies its value.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.1761
- Latitude
- 39.764
