5271 Salem Ave - Freestanding FOR SALE


Trotwood, OH 45426
$2,990,000 USD
201-215-1802
5271 Salem Ave, Trotwood, OH for Sale
$2,990,000 USD
Freestanding - FOR SALE
1/6
null | 8.91% Cap Rate

5271 Salem Ave
Trotwood, OH 45426


HIGHLIGHTS

  • Long Term Lease
  • Corporate Guaranty
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net leased Walgreens (subleased to Dollar General) located at 5271 Salem Avenue in Trotwood, Ohio (the “Property”). The build-to-suit Property was completed in 2004, and Walgreens has 4+ years remaining on an absolute triple-net lease. Walgreens subleased the premises to Dollar General in December 2022. The Property is well located at the signalized intersection of Salem Avenue and OH Route 49, the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage, visibility, and access, and is positioned in the heart of a dense commercial cluster driving traffic to the area and is surrounded by heavily populated residential neighborhoods and apartment communities that provide a captive customer base. The Property benefits from convenient access to the area’s primary roadways and interstates, as well as the area’s economic drivers including the Miami Valley Hospital North Campus and Downtown Dayton.

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

8.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens (Subleased to Dollar General)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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