490 Woodman Dr Dayton, OH 45431-2047

Property Details for 490 Woodman Dr

Year built

1970

Construction

FRAME

Lot size

0.53 lot acres

Property size

1,980 SF

Property type

Grocery and convenience stores

APN

I39 00918 0005

APU

I39009180005

Description

This exceptional investment opportunity features a brand-new, 1,418-square-foot Take 5 Oil Change located at 490 Woodman Dr, Riverside, OH 45431. Situated on a 0.43-acre lot, the property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $105,000 annually. The property is subject to a 20-year triple-net (NNN) lease, commencing upon closing, with a corporate guarantee from Driven Funding Holdco, LLC (approximately 3,500 units). This NNN lease structure ensures minimal landlord responsibilities, providing a passive income stream for the investor. The lease includes attractive annual rent increases of 1.50%, further enhancing the long-term return on investment. Built in 2024, this property offers a secure and stable investment with four, five-year renewal options built into the lease agreement. The asking price is $1,680,000, representing a price per square foot of $1,184.77. The property is currently 100% occupied, providing immediate cash flow. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property with a blue-chip tenant in a desirable location. The property's strong financials and long-term lease make it an ideal addition to any investment portfolio.

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Longitude

-84.12

Latitude

39.7597

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments