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Petland - Dayton OH 2702 S Smithville Rd 4,500 SF Retail Building Dayton, OH 45420 $750,000 ($166.67/SF) 7.80% 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
Freestanding
Building Size
4,500 SF
Building Class
C
Year Built
1949
Price
$750,000
Price Per SF
$166.67
Cap Rate
7.80%
NOI
$58,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.84 AC
Zoning
ENC - Neighborhood Commercial
Parking
30 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
64’ on S Smithville Rd
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | R72-14504-0001 | Improvements Assessment | $43,850 |
| Land Assessment | $17,540 | Total Assessment | $61,390 |
Property Taxes
Parcel Number
R72-14504-0001
Land Assessment
$17,540
Improvements Assessment
$43,850
Total Assessment
$61,390
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Petland - Dayton OH | 2702 S Smithville Rd
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