183 Dayton Yellow Springs Rd Fairborn, OH 45324

Property Details for 183 Dayton Yellow Springs Rd

Year built

2000

Lot size

1.86 lot acres

Property size

14,490 SF

Property type

Retail properties

Property subtype

Drug stores

Description

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.

Location Insight

City

Fairborn

County

Greene

State

Ohio

Longitude

-84.021

Latitude

39.7896