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100% occupied, single-tenant medical/dental 9420 Dayton Lebanon Pike 5,257 SF Retail Building Dayton, OH 45458 $1,095,000 ($208.29/SF)


Investment Highlights
- 100% occupied, single-tenant medical/dental office — passive, management-light net income
- Proven, long-term tenancy — in operation at the site since 2009; recently extended (2023) through Aug 2029, demonstrating commitment to the location
- DSO-affiliated tenant — practice affiliated with North American Dental Group (NADG), a multi-state organization supporting 240+ locations
Executive Summary
Coldwell Banker Commercial | Heritage is pleased to present 9420 Dayton Lebanon Pike — a 100% leased, single-tenant medical/dental office investment located on State Route 48 in the heart of Centerville, one of the Dayton metro's most affluent and supply-constrained submarkets.
The 5,760-square-foot freestanding building sits on ±0.59 acres with prominent frontage and dedicated parking along a primary north–south commercial arterial. The property is fully occupied by an established dental practice affiliated with North American Dental Group (NADG), a multi-state dental support organization, providing a passive, management-light income stream backed by a sticky, capital-intensive healthcare use.
The tenant has operated at this location since 2009 and recently reaffirmed its long-term commitment, extending the lease through August 2029 with two additional three-year renewal options that provide potential lease control through 2035, plus contractual rental escalations. Purpose-built dental improvements, high switching costs, and a recession-resilient, e-commerce-resistant use translate to low rollover risk and durable cash flow.
With strong household incomes, healthcare-driven demand, and a scarcity of available medical product in the trade area, 9420 Dayton Lebanon Pike represents an attractive opportunity for 1031 exchange buyers, private and passive investors, and owner-user/DSO consolidation. Detailed financials and the full offering memorandum are available to qualified parties upon execution of a confidentiality agreement.
The 5,760-square-foot freestanding building sits on ±0.59 acres with prominent frontage and dedicated parking along a primary north–south commercial arterial. The property is fully occupied by an established dental practice affiliated with North American Dental Group (NADG), a multi-state dental support organization, providing a passive, management-light income stream backed by a sticky, capital-intensive healthcare use.
The tenant has operated at this location since 2009 and recently reaffirmed its long-term commitment, extending the lease through August 2029 with two additional three-year renewal options that provide potential lease control through 2035, plus contractual rental escalations. Purpose-built dental improvements, high switching costs, and a recession-resilient, e-commerce-resistant use translate to low rollover risk and durable cash flow.
With strong household incomes, healthcare-driven demand, and a scarcity of available medical product in the trade area, 9420 Dayton Lebanon Pike represents an attractive opportunity for 1031 exchange buyers, private and passive investors, and owner-user/DSO consolidation. Detailed financials and the full offering memorandum are available to qualified parties upon execution of a confidentiality agreement.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,257 SF
Building Class
C
Year Built/Renovated
1973/2016
Price
$1,095,000
Price Per SF
$208.29
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.59 AC
Parking
35 Spaces (6.66 Spaces per 1,000 SF Leased)
Frontage
148’ on Marco Ln
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Stonecreek Dental Care
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Stonecreek Dental Care | - | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | O67-21616-0002 | Improvements Assessment | $114,670 |
| Land Assessment | $67,560 | Total Assessment | $182,230 |
Property Taxes
Parcel Number
O67-21616-0002
Land Assessment
$67,560
Improvements Assessment
$114,670
Total Assessment
$182,230
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100% occupied, single-tenant medical/dental | 9420 Dayton Lebanon Pike
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