3909 Salem Ave Dayton, OH 45406-1526

Property Details for 3909 Salem Ave

Year built

1955

Construction

FRAME

Lot size

1.19 lot acres

Property size

15,896 SF

Property type

Office buildings

APN

E20 01107 0191

APU

E20011070191

Description

This exceptional investment opportunity presents a single-tenant, net-leased medical office building totaling 15,896 square feet, situated on a 1.19-acre lot in Dayton, Ohio. The property, built in 1955, is currently 100% occupied by DB Plasma, a key player in the US plasma donation industry, under a lease commencing December 7, 2006, and expiring December 31, 2031. This provides a substantial remaining lease term of approximately 7.1 years. The lease includes attractive 3% annual rent bumps, further enhancing the investment's long-term value. Two five-year renewal options are also included. The property boasts a strong NOI of $171,708, resulting in a compelling 7.85% cap rate. The strategic location on Salem Avenue, a high-traffic corridor (13,200 vehicles per day), benefits from proximity to numerous national retailers, including Kroger, McDonald's, O'Reilly Auto Parts, and others. The surrounding area boasts a robust population of over 138,100 people within a five-mile radius, with an average household income exceeding $65,925. DB Plasma's commitment to the location, evidenced by multiple lease extensions, underscores the stability and long-term potential of this investment. The property's essential business nature and e-commerce resistance add to its appeal. This is a rare opportunity to acquire a high-performing, net-leased asset with significant upside potential in a desirable Dayton MSA location. The asking price is $2,187,364.

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Longitude

-84.2519

Latitude

39.7987

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments