8911 Kingsridge Dr Dayton, OH 45458
- Bars
- 4,651 SF
- 0.89 lot acres
Current Use by Public Records
- ATM / Atm
- Lust Gentlemen's Club / Night Club
Property Details for 8911 Kingsridge Dr
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 0.89 lot acres
- Property size
- 4,651 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- K45 02604 0093
- APU
- K45026040093
Description
This exceptional investment opportunity presents a 4,800 square foot, single-story adult cabaret located in Dayton, Ohio. Completely remodeled in 2021, including a new roof and HVAC system, the property sits on a one-acre lot directly across from the Dayton Mall and near a Super Walmart, ensuring high visibility and traffic. The building has been a successfully operating adult cabaret for two decades, holding a valid permit for its current use. This sale includes a new 10-year triple-net (NNN) lease, personally guaranteed by a multi-unit operator, with two five-year renewal options. The asking price is $1,800,000, representing an 8% cap rate based on the first-year net operating income (NOI) of $144,000 ($12,000 per month). The tenant is responsible for all maintenance, repairs, taxes, and insurance, minimizing owner responsibilities. The property's prime location, recent renovations, long-term lease, and strong NOI make this a compelling investment prospect in a high-traffic commercial area. The permitted commercial zoning ensures continued operational flexibility. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.22
- Latitude
- 39.6307
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
