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Meineke | New 20yr Abs NNN w/ Incrs 594 Woodman Dr 4,095 SF Retail Building Dayton, OH 45431 $1,407,000 ($343.59/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 20 Year Lease | Franchisee Personal Guaranty
- Initial Rent Abatement & Tax Advantages | Buyer Credit at Close
- Dense Retail Trade Area | Strong National Co-Tenancy
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized Retail Corridor | Woodman Drive / U.S. Highway 35
- Established Demographics | Dayton–Kettering–Beavercreek MSA
Executive Summary
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Dayton, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,095 SF
Building Class
C
Year Built/Renovated
1979/2025
Price
$1,407,000
Price Per SF
$343.59
Cap Rate
6.25%
NOI
$87,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.39 AC
Zoning
B2
Parking
9 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
102’ on Woodman Dr
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Meineke
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Meineke | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | I39-00919-0026 | Improvements Assessment | $61,930 |
| Land Assessment | $26,820 | Total Assessment | $88,750 |
Property Taxes
Parcel Number
I39-00919-0026
Land Assessment
$26,820
Improvements Assessment
$61,930
Total Assessment
$88,750
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Meineke | New 20yr Abs NNN w/ Incrs | 594 Woodman Dr
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