3245 Dayton Xenia Rd Dayton, OH 45434-6311

Property Details for 3245 Dayton Xenia Rd

Year built

1976

Lot size

0.56 lot acres

Property size

3,079 SF

Zone code

B2

Property type

Banks

APN

B42-0005-0005.0-0181.00

APU

B42000500050018100

Description

This exceptional investment opportunity presents a 3,079 square foot US Bank branch located at 3245 Dayton Xenia Rd, Beavercreek, OH 45434. The property sits on a ground lease with zero landlord responsibilities, offering a secure, passive income stream. A new five-year lease extension begins January 1, 2025, with 2.5% annual rent bumps, providing inflation protection. The lease expires November 30, 2030, offering a substantial remaining term of six years. The property boasts a strong 5.25% cap rate and a Net Operating Income (NOI) of $45,000. Built in 1976, this bank branch benefits from its strategic location as a pad site to the 8th busiest Kroger in the nation, attracting 2 million annual visitors. The surrounding area features high traffic volume (Dayton-Xenia Rd: 15,000 VPD; N Fairfield Rd: 27,300 VPD) and numerous national retailers, including Panera Bread, Sheetz, and CVS. The high three-mile average household income of $143,826 further underscores the property's strong investment potential. The below-market lease rate of $14.62/SF and the US Bank's substantial deposits ($95.8M, ranking 35th out of 179 in Ohio) contribute to this compelling investment opportunity. At lease expiration, improvements revert to the landlord. The asking price is $857,000, representing a price per square foot of $278.34.

Location Insight

City

Dayton

County

Greene

State

Ohio

Longitude

-84.0562

Latitude

39.7271

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments