Property profile

352 National Rd Vandalia, OH 45377

OFF-MARKET
Turn key restaurants
Property ID
US66-1516031
4,074 SF 1.31 ac lot Built 1998
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 4,074-square-foot former fast-food restaurant presents a unique opportunity in Vandalia, Ohio. Located at 352 E National Rd, this single-tenant property sits on a 1.31-acre lot with excellent visibility and accessibility. The building, while needing some exterior work and landscaping, is currently vacant and ready for immediate occupancy. The previous tenant vacated less than a year ago. The property boasts 212 feet of frontage on National Road (US 40), a major thoroughfare with a reported 19,075 vehicles per day (VPD) according to ODOT. Its strategic location offers convenient access to I-75, just 0.28 miles away, ensuring high traffic volume and exposure. The property also features access via a traffic light at the rear. The building is suitable for immediate use or redevelopment. A drive-thru window could be incorporated into a new build, should demolition be preferred. Tenant improvement (TI) allowances are available, contingent upon the tenant's creditworthiness. The owner is open to considering a sale of the property. This is an exceptional opportunity for a business seeking high visibility and convenient access in a busy commercial area. The tenant will be responsible for all building maintenance and upkeep.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Total area 4,074 SF
Lot 1.31 ac (57,107 SF)
APN B02 00111 0028
UPID US66-1516031

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

352 National Rd Vandalia, OH 45377-2306
Vandalia metro Census 115011 DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$540k
Blend (final) Blend
$550k

Owner & transaction history

since 2024
Last sale
$550,000
7 recorded transactions
2024
$550,000
2020
Price N/A
2013
$1.0M
2012
Price N/A
2012
$770,600
2012
Price N/A
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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