5230 Cobblegate Rd - Fast Food FOR SALE


Dayton, OH 45439
$1,516,855 USD
757-287-1490
5230 Cobblegate Rd, Dayton, OH for Sale
$1,516,855 USD
Fast Food - FOR SALE
1/2
null | 5.75% Cap Rate

5230 Cobblegate Rd
Dayton, OH 45439


HIGHLIGHTS

  • Low Rent
  • Corporate Lease & Guaranty
  • Drive-Thru
  • Signalized Corner
  • Long-term Absolute NNN Lease
  • Fee Simple Ownership (allows depreciation)

OVERVIEW

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 twelve 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.

FOR SALE DETAILS

PRICE

$1,516,855 USD

PRICE/SF

$371 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

CROSS STREETS

Springboro Pike

LAND ACRES

0.87 AC

LAND SF

37,941 SF

ZONING

-

APN/PARCEL ID

J44126411-0009

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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