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3137-3145 Salem Ave
Dayton, OH 45406
OFF THE CHARTS DISPENSARY · Retail Property For Sale
Investment Highlights
- UPSIDE THROUGH ADDITIONAL RENT: There is a billboard generating $1,500/YR which has not been taken into consideration in our pricing.
- LONG-TERM LEASE: There are over 7.5 years remaining on the base term of the lease, providing stability and security for investors.
- Ohio stands out as one of the most attractive cannabis markets in the nation, with medical marijuana sales exceeding $2 billion.
- HIGH-YIELDING INVESTMENT: The property is being offered at a Year-1 in-place cap rate of 8.75%.
- LIMITED COMPETITION: The nearest competing dispensary is approximately 4 miles away.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
7,600 SF
Building Class
C
Year Built
1945
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.41 AC
Zoning
C - Commercial
Parking
13 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | R72-16307-0012 | Improvements Assessment | $114,900 |
| Land Assessment | $22,620 | Total Assessment | $137,520 |
Property Taxes
Parcel Number
R72-16307-0012
Land Assessment
$22,620
Improvements Assessment
$114,900
Total Assessment
$137,520
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