5045 Main St, Unit 5055 Dayton, OH 45415-3636

Property Details for 5045 Main St

Year built

2022

Lot size

1.46 lot acres

Property size

2,555 SF

Property type

Retail space

APN

E20 01008 0161

APU

E20010080161

Description

This exceptional investment opportunity presents a newly constructed (2022), 2,500 square foot Walgreens Pharmacy in Dayton, Ohio. Boasting a strong 8.5-year remaining lease (commencing January 11, 2023, expiring January 30, 2033) under a NNN lease structure, this property offers minimal management responsibilities for the owner, with the tenant responsible for all daily operations. The building features a 15-year transferable warranty on the roof and structure. Situated on a sizable 1.62-acre lot with 17 parking spaces, the property enjoys a high-profile location at 5045 N Main St, Dayton, OH 45415, a hard corner with over 42,000 vehicles passing daily. The property benefits from excellent visibility due to highly visible monument signage and excellent frontage. This small-format Walgreens prototype store caters to personalized pharmacy care and over-the-counter medications, capitalizing on Walgreens' successful pilot program and expansion strategy. The property's strong demographics include over 148,000 people within a 5-mile radius, with an average household income of approximately $66,000. The asking price is $1,870,000, representing a 6.10% cap rate and a net operating income (NOI) of $114,100. The property's location near major employers, including Wright-Patterson Air Force Base, several universities, and prominent healthcare systems, further enhances its investment appeal. The area also benefits from significant tourism due to attractions like the Dayton Raceway and the National Museum of the U.S. Air Force. This presents a compelling opportunity for investors seeking a stable, long-term, and low-management retail investment in a thriving Ohio market.