4317 Feedwire Rd
Dayton, OH 45440
Fresh Thyme | Centerville, OH · Retail Property For Sale

This asset is encumbered by assumable, in-place debt at a competitive rate, achieving a 8.74% cash-on-cash return at a 7.00% cap acquisition. In June 2020, the cap rate increases to 7.70% and the cash-on-cash return reaches 11.37%. Required equity: $2.7 Million. See page 8 of OM for further details. There are eleven (11.1) years remaining on the lease term, plus four (4), five (5) year options. The lease provides for 10% rental increases every five (5) years, with the next bump to occur in 2020. Fresh Thyme is a full-service, natural and specialty grocer offering a farmer’s market concept with nutritious options at an affordable price. They have 77+ locations and over 100 planned locations set to open by 2020. The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances. The subject property is located in a busy retail corridor filled with many national brands, which helps drives traffic to the store. Nearby retailers include PetSmart, The Home Depot, Costco, Kroger, Target, Cabela’s and Morris Home, among others. Centerville is located in the Dayton MSA. The Fresh Thyme is located 12 miles away from Dayton, OH who’s economy is supported by the defense, aerospace and healthcare industries. Fresh Thyme has strong frontage on Feedwire Rd. and can be seen from the I-675 Freeway.