7189 Alliance Rd Waynesburg, OH 44644
- Auto shops
- 28,000 SF
- 5.71 lot acres
Current Use by Public Records
- Auto shops
Property Details for 7189 Alliance Rd
- Year built
- 2024
- Lot size
- 5.71 lot acres
- Property size
- 28,000 SF
- Property type
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 28,000-square-foot Daystar Chrysler Dodge Jeep Ram dealership in Malvern, Ohio. Located on 5.71 acres at 7189 Alliance Rd NW, this single-story building boasts a prime location just 30 miles southeast of Akron and easily accessible from OH-43. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease with a highly creditworthy franchisee tenant, eliminating all landlord responsibilities. The lease includes attractive 3% annual rent escalations, providing a built-in hedge against inflation. With a strong NOI of $653,846 and a 7.25% cap rate, this offering presents a compelling return on investment. The lease structure includes four, 5-year renewal options, ensuring long-term stability and predictable cash flow. Built in 2024, this property represents a secure, passive income stream with minimal management requirements. The asking price is $9,018,568, translating to $322.09 per square foot. This sale-leaseback transaction offers a unique opportunity to acquire a high-performing asset with a long-term, secure lease in place. The tenant, Daystar Auto Group, operates additional dealerships in Northeast Ohio, demonstrating their financial strength and commitment to the market. This is a rare opportunity to acquire a high-quality, net-leased property with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waynesburg
- County
- Carroll
- State
- Ohio
- Longitude
- -81.2334415
- Latitude
- 40.6824908
