3010 Kettering Blvd Moraine, OH 45439-1922

Property Details for 3010 Kettering Blvd

Year built

2016

Construction

WOOD

Lot size

0.56 lot acres

Property size

1,566 SF

Property type

Turn key restaurants

APN

J44 04103 0071

APU

J44041030071

Description

This exceptional investment opportunity presents a 1,566 square-foot Tim Hortons located at 3010 Kettering Blvd, Moraine, OH 45439. The property sits on a 0.56-acre lot and boasts a drive-thru, ample parking, and prominent pylon signage. Benefiting from a high-traffic location at a busy intersection, this single-tenant, absolute NNN lease offers significant advantages. The 20-year lease, commencing December 31, 2016, has over 12 years remaining until its expiration on December 30, 2036. The lease includes attractive 2% annual rent bumps and two five-year renewal options, ensuring long-term income stability. The property's strong financial performance is reflected in its 6.14% cap rate and a Net Operating Income (NOI) of $70,607. Built in 2016, this one-story building maintains 100% occupancy since its opening date. The asking price is $1,150,000, translating to a price per square foot of $734.36. The property benefits from its proximity to other national retailers, including McDonald's, Taco Bell, and Walmart, further solidifying its position within a thriving retail corridor. The surrounding area boasts an affluent community with an average household income exceeding $69,000 within a five-mile radius. High traffic counts on Kettering Blvd (12,686 VPD), Dixie Dr (13,895 VPD), and Dorothy Lane (16,880 VPD) contribute to the property's strong performance. The tenant, Next Level Restaurant Brands, operates over 130 Tim Hortons locations throughout the Midwest, demonstrating their commitment to the brand and the region. The property's location is also convenient to Dayton International Airport and numerous parks and recreational facilities.