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Applebee's 105 N Springboro Pike 3,889 SF Retail Building Dayton, OH 45449 $1,780,000 ($457.70/SF) 6.47% Cap Rate
Investment Highlights
- Absolute NNN Lease with 6.47% CAP
- Lease guaranteed by RMH Franchise Holdings, Inc. with 131 locations across 14 states
- Strong Traffic & Visibility: Located on N. Springboro Pike with approximately 31,049 vehicles per day
- Positioned in the Dayton Mall trade area, surrounded by national retailers, restaurants, and daily-needs shopping. Supporting consistent consumer draw
- Dense 3-Mile Demographics: Population: 66,545 Households: 30,544 Avg HH Income: $100,631
Executive Summary
Offered at $1,780,000, the subject Applebee’s property is an absolute NNN retail investment with an attractive 6.47% cap rate. The lease is guaranteed by RMH Franchise Holdings, Inc., a major Applebee’s franchise operator with 131 locations across 14 states, providing scale and operating strength behind the tenancy.
The property benefits from strong visibility and accessibility along N. Springboro Pike, a heavily traveled retail artery with approximately 31,049 vehicles per day, serving the Dayton Mall trade area and surrounding national retail/restaurant concentration. The immediate consumer base is deep and established, with approximately 66,545 residents within a 3-mile radius, 30,544 households, and estimated 2024 average household income of $100,631, supporting consistent traffic and long-term demand for casual dining in this corridor.
The asset offers investors a combination of strong going-in yield, brand recognition, guarantor support, and passive absolute-net lease terms, well-suited for buyers seeking dependable income with minimal landlord responsibilities.
The property benefits from strong visibility and accessibility along N. Springboro Pike, a heavily traveled retail artery with approximately 31,049 vehicles per day, serving the Dayton Mall trade area and surrounding national retail/restaurant concentration. The immediate consumer base is deep and established, with approximately 66,545 residents within a 3-mile radius, 30,544 households, and estimated 2024 average household income of $100,631, supporting consistent traffic and long-term demand for casual dining in this corridor.
The asset offers investors a combination of strong going-in yield, brand recognition, guarantor support, and passive absolute-net lease terms, well-suited for buyers seeking dependable income with minimal landlord responsibilities.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,889 SF
Building Class
B
Year Built
1989
Price
$1,780,000
Price Per SF
$457.70
Cap Rate
6.47%
NOI
$115,083
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.04 AC
Zoning
C2
Parking
60 Spaces (15.43 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Applebee's
- Retailer
- 100 SF
- -
- Triple Net
- Dec 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Applebee's | Retailer | 100 SF | - | Triple Net | Dec 2033 |
Nearby Major Retailers
Property Taxes
| Parcel Number | K46-01405-0003 | Improvements Assessment | $104,810 |
| Land Assessment | $249,120 | Total Assessment | $353,930 |
Property Taxes
Parcel Number
K46-01405-0003
Land Assessment
$249,120
Improvements Assessment
$104,810
Total Assessment
$353,930
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Presented by
Three J Investments
Applebee's | 105 N Springboro Pike
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