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5230 Cobblegate Rd 3,272 SF Retail Building Dayton, OH 45439 $1,429,820 ($436.99/SF) 6.10% Cap Rate
Investment Highlights
- Absolute NNN lease
- Corporate guarantee
- Low rent
- Fee simple ownership (depreciation)
- Signalized corner location
Executive Summary
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the fee simple interest in the property leased to Fazoli’s in Moraine, Ohio, a suburb of Dayton.
Fazoli’s signed a 20-year absolute NNN lease in 2018, leaving more than 11 years of firm lease term remaining plus six, 5-year options.
The property has excellent visibility at the signalized corner of Cobblegate and Springboro Pike (26,260 VPD), home to a significant number of local and national retailers and just six minutes to Fuyao Glass America, Moraine’s largest employer with 2,300 workers.
Fazoli’s signed a 20-year absolute NNN lease in 2018, leaving more than 11 years of firm lease term remaining plus six, 5-year options.
The property has excellent visibility at the signalized corner of Cobblegate and Springboro Pike (26,260 VPD), home to a significant number of local and national retailers and just six minutes to Fuyao Glass America, Moraine’s largest employer with 2,300 workers.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,272 SF
Building Class
C
Year Built
1994
Price
$1,429,820
Price Per SF
$436.99
Cap Rate
6.10%
NOI
$87,219
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.87 AC
Amenities
- Bus Line
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | J44126411-0009 | Improvements Assessment | $304,260 |
| Land Assessment | $63,250 | Total Assessment | $367,510 |
Property Taxes
Parcel Number
J44126411-0009
Land Assessment
$63,250
Improvements Assessment
$304,260
Total Assessment
$367,510
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5230 Cobblegate Rd
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