1001 E Main St - Drug Store FOR SALE


Dayton, OH 45426- Northwest
$2,065,000 USD
702-215-7153
1001 E Main St, Dayton, OH for Sale
$2,065,000 USD
Drug Store - FOR SALE
1/7
null | 6.75% Cap Rate

1001 E Main St
Dayton, OH 45426
Northwest


HIGHLIGHTS

  • Long term lease with approximately 12 years remaining on the primary term.
  • New roof installed in 2020 with transferrable warranty.
  • Massive amount of development planned and under construction in the immediate vicinity of the Subject property.
  • Nearly one million square feet of new industrial facilities and 200 apartment units currently under development within a half mile of the subject.
  • Proven location for CVS, based on previously reported sales figures.

OVERVIEW

This net leased CVS is at the epicenter of a massive commercial and residential development project in Trotwood, OH. The property is located in Trotwood, Ohio the Dayton MSA. The 10,722-square-foot CVS building has approximately 12 years remaining on its primary lease term. CVS recently renewed the lease in October 2011, extending the term from 4 years to 25 years, with ?ve, 5-year renewal options. The early renewal, coupled with a strong rent-to-sales ratio (previously reported), highlights the success of this location. CVS has operated at this site since 1996, and the lease extension ensures its presence through 2037. Current ownership installed a new roof in 2020 with a transferrable warranty. This area of Trotwood is currently experiencing a developmental boom with some large new industrial and multifamily developments currently under construction. These new developments are creating hundreds of new jobs and increasing the population density in the areas immediately surrounding the CVS. The property sits at the corner of Main Street and Olive Road, bene?ting from its location at a signalized intersection with constant traf?c ?ow. It features curb cuts for easy access on both Main Street and Olive Road. Nearby retailers include Target, Home Depot, Lowe’s, Kmart, and Burlington Coat Factory.

FOR SALE DETAILS

PRICE

$2,065,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,183 SF

ZONING

Commercial

APN/PARCEL ID

H33-00808-0001

ASK ABOUT THIS PROPERTY

Ray GermainMarcus & MillichapMore Info
702-215-7153

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Ray GermainMarcus & MillichapMore Info
702-215-7153

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.