About This Restaurant
Investment Highlights
Robust Traffic Counts on Kettering Blvd (12,686 VPD), Dixie Dr (13,895 VPD), and Dorothy Lane (16,880 VPD) Well Established Retail Corridor | Nearby National Retailers Include: McDonald?s, Taco Bell, Arby?s, Wendy?s, Chipotle, Walmart, Dollar General Subject is 15 Miles from Dayton International Airport, Serving Well Over Half a Million Passengers Annually Tenant Next Level Restuarant Brands Currently Operates Over 130 Tim Hortons Locations Throughout the Midwest, Recently Adding 55 locations Affluent Community with an Average Household Income of Over $69K within Five Miles of the Subject Asset, as of 2022 Parks and Outdoor Recreational Facilities Nearby Include: Fariway Golf Club, Adirondack Trail, Hills & Dales MetroPark, Dayton Country Club
Executive Summary
Subject is a Prime 1,566 Square-Foot Tim Hortons on a .56-Acre Lot with Drive-Thru, Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Busy IntersectionAbsolute NNN Lease with a 20-Year Base Term, Over 12 Years Remaining and Zero Landlord Responsibility | 2% Annual Rental Increases and 2 x 5-Year Options
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,300
- Building Class C
- Year Built 1968
- Price 1,150,000
- Price Per SF 885
- Cap Rate 6.14
- NOI 70,607
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 0.56 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | J44-04103-0071 | Improvements Assessment | $26,280 |
| Land Assessment | $274,200 | Total Assessment | $300,480 |
| Date Created: | 2024-07-16 04:18:06 | Last Updated: | 2024-07-16 04:18:06 |
| Address: | 3010 Kettering Blvd , Moraine, Ohio, 45439 | ||