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6020 Old Troy Pike 2,683 SF Retail Building Dayton, OH 45424 $490,662 ($182.88/SF) 8% Cap Rate
Executive Summary
?Stabilized Investment Opportunity - Leased to Royal Bourbon Chicken on an Absolute Net-Lease featuring zero landlord responsibilities with over 2.5 years remaining on the initial term and (2) 5-year renewal options in place with annual rental increases
?Low Basis Asset - Provides an investor with the opportunity to acquire the asset on a low basis, benefiting from below-market in-place rents and long-term redevelopment potential upon lease expiration
?Ideal Demographics - The asset is located within a dense area with over 108,892 residents and an average household income of $84,200 within a 5-mile radius of the site
?Easily Accessible Site - The property features two points of ingress/egress from Fishburg Road and Old Troy Pike, providing excellent accessibility and visibility along roadways with a combined traffic count exceeding 27,568 VPD
?Neighboring Retail Tenants - Surrounded by tenants such as; Walgreens, Tropical Smoothie Cafe, Wingstop, Casey's, Dollar General, T-Mobile, Midas, and more
?Low Basis Asset - Provides an investor with the opportunity to acquire the asset on a low basis, benefiting from below-market in-place rents and long-term redevelopment potential upon lease expiration
?Ideal Demographics - The asset is located within a dense area with over 108,892 residents and an average household income of $84,200 within a 5-mile radius of the site
?Easily Accessible Site - The property features two points of ingress/egress from Fishburg Road and Old Troy Pike, providing excellent accessibility and visibility along roadways with a combined traffic count exceeding 27,568 VPD
?Neighboring Retail Tenants - Surrounded by tenants such as; Walgreens, Tropical Smoothie Cafe, Wingstop, Casey's, Dollar General, T-Mobile, Midas, and more
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,683 SF
Building Class
C
Year Built/Renovated
1977/2015
Price
$490,662
Price Per SF
$182.88
Cap Rate
8%
NOI
$39,253
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.55 AC
Zoning
B-1 - Designed to serve the daily needs of nearby residential neighborhoods while maintaining a low-impact commercial environment.
Parking
34 Spaces (12.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | P70-01517-0060 | Improvements Assessment | $104,810 |
| Land Assessment | $43,940 | Total Assessment | $148,750 |
Property Taxes
Parcel Number
P70-01517-0060
Land Assessment
$43,940
Improvements Assessment
$104,810
Total Assessment
$148,750
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