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Petland - Dayton OH 2702-2714 S. Smithville Road 4,500 SF Retail Building Dayton, OH 45420 $807,000 ($179.33/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent 5-Year Lease Renewal | Commitment To The Site | Additional Options To Extend | $1 PSF Rental Increase
- Proximity To Community Anchors | University Of Dayton
- Strong Demographics In 5-mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Frontage On S Smithville Rd (15,200 VPD) | Centrally Located Between I-675 (81,600 VPD) & I-75 (133,000 VPD)
EXECUTIVE SUMMARY
• The subject property has 2 parcels, the first parcel is commercial (2702 S Smithville) and the second parcel is Residential (2714 S Smithville). So, the buyer has provision of building a home adjacent or can sell the parcel off
• The tenant, Petland, Inc., recently exercised a 5-year lease renewal, demonstrating their long-term commitment to the location
• One (1) additional 5-year renewal option remains, featuring a flat $1 PSF annual rental increase, supporting future income growth and providing a built-in inflation hedge
• The tenant, Petland, Inc., recently exercised a 5-year lease renewal, demonstrating their long-term commitment to the location
• One (1) additional 5-year renewal option remains, featuring a flat $1 PSF annual rental increase, supporting future income growth and providing a built-in inflation hedge
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built/Renovated
1949/1988
Price
$807,000
Price Per SF
$179.33
Cap Rate
7.25%
NOI
$58,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.84 AC
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | R72-14504-0005 | Improvements Assessment | $0 |
| Land Assessment | $3,670 | Total Assessment | $3,670 |
PROPERTY TAXES
Parcel Number
R72-14504-0005
Land Assessment
$3,670
Improvements Assessment
$0
Total Assessment
$3,670
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Petland - Dayton OH | 2702-2714 S. Smithville Road
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