1431 Wayne Ave
Dayton, OH 45410
Oak Street Health · Office Property For Sale

Subject property is located in the historic South Park District. Within a 3-mile radius there is a population of over 104,129. Nearby is the new booming Brown Street development servicing retail and restaurants to the students of the University of Dayton. Just west is the Miami Valley Hospital. One Mile north is Downtown Dayton which is undergoing new Development such as the Water Street Project. The subject property is located at the northwest corner of Wayne Avenue and Wyoming Street in the south central area of the Dayton MSA in Dayton, Montgomery County, Ohio, approximately 1 mile directly southeast of the Dayton Central Business District. This is a highly travelled corridor with over 35,000 cars daily in a mixed use neighborhood of homes and commercial buildings. Located in the South Park historic district with a 3-mile radius population of 104,129. The NN Lease is guaranteed by Rite Aid and sub-leased to Dollar General. Landlord responsible for roof and structure. NOI is based on rent Dollar General is currently paying. Rite Aid is currently paying $351,191 per year. So, this gives an additional $250K in cash flow until 1/31/2020. In talks with Dollar General about a new 10-15 year lease at a new lease rate.