1555 Wayne Ave Dayton, OH 45410-1734

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant Kroger grocery store located at 1555 Wayne Ave, Dayton, OH 45410. The property boasts a 28,748 square foot building situated on a 3.2-acre lot, enjoying a prime location less than one mile from the University of Dayton. Built in 1959 and featuring a new roof installed in 2024 with a 20-year transferable warranty, this property benefits from a long-term lease with Kroger, a credit-rated tenant with a corporate guarantee. The current lease, commencing June 11, 1957, extends to June 30, 2029, offering a remaining term of approximately 4.6 years. The lease includes attractive 2% annual rent bumps, providing a hedge against inflation. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $170,988 and a 7.00% cap rate. The asking price is $2,442,685. Kroger's consistent success at this location is highlighted by annual sales exceeding $15,000,000 since 2020, with sales reaching $15,856,095 for the year ending June 30, 2023. This high-traffic area benefits from proximity to major roadways (US Highway 35 and Interstate 75), public transportation, and a dense population with strong demographics. The surrounding area includes numerous complementary retailers, further enhancing the property's appeal and potential for continued success. This is a rare opportunity to acquire a well-established, high-performing retail asset with a strong tenant and significant upside potential.