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Off the Charts 3137-3145 Salem Ave 7,600 SF 100% Leased Retail Building Dayton, OH 45406 $1,150,000 ($151.32/SF) 10.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Value-Add Potential: One unit is currently vacant, offering immediate upside through lease-up and a clear path to enhance net operating income.
- Passive Income Stream: The anchor tenant occupies approximately 86% of the rentable area under a triple-net (NNN) lease
- Limited Direct Competition: The nearest competing dispensary is located approximately four miles away
- Attractive Yield: Offered at an in-place Year 1 cap rate of 10.84%, presenting a compelling return profile for investors.
- Established Cannabis Market: Ohio ranks among the nation’s leading cannabis markets, with medical marijuana sales exceeding $2.2 billion
- Tenant Commitment: Cannabis tenants face high relocation barriers due to strict state zoning regulations
EXECUTIVE SUMMARY
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Signalized Intersection
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Information
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Founded in 1999, Cricket Wireless operates as a prepaid wireless telecommunications provider in the United States. Originally established by Leap Wireless, the brand focused on no-contract mobile services designed for cost-conscious consumers. In 2014, Cricket Wireless became a wholly owned subsidiary of AT&T following AT&T’s acquisition of Leap Wireless. The acquisition integrated Cricket into AT&T’s national network infrastructure while maintaining Cricket as a distinct prepaid brand. Cricket provides voice, text, and data services using AT&T’s wireless network, including access to 4G LTE and 5G coverage where available. The company distributes services through company-operated and authorized retail locations, as well as online channels. Over time, Cricket expanded from its initial regional footprint to a nationwide presence supporting consumer prepaid plans and device offerings.
- Off The Charts
- Retailer
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- Prevailing Taste Style Hse
- Retailer
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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| Off The Charts | Retailer | - | - | - | ||
| Prevailing Taste Style Hse | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R72-16307-0012 | Improvements Assessment | $56,470 |
| Land Assessment | $22,620 | Total Assessment | $79,090 |
PROPERTY TAXES
CONTACTS
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Alexander Machado -
Daniel Gonzalez -
Ben Snyder -
Matthews Real Estate Investment Services
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Off the Charts | 3137-3145 Salem Ave
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