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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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Cricket Wireless operates as a prepaid wireless service provider and is a subsidiary of AT&T Inc. Founded in 1999, Cricket offers nationwide coverage and affordable no-contract plans. The Ottumwa store, located on Venture Drive, provides wireless services, smartphones, and accessories, serving customers in Wapello County and surrounding areas. This location is an authorized retailer and part of Cricket’s extensive retail network across the United States. Cricket Wireless trades under AT&T’s ticker symbol T on the NYSE. The Ottumwa store typically occupies approximately 1,200 square feet within a retail strip and employs a small team focused on sales and customer service.
- 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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