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5230 Cobblegate Rd
Dayton, OH 45439
Retail Property For Sale
Investment Highlights
- Absolute NNN lease
- Corporate guarantee
- Low rent
- Fee simple ownership (depreciation)
- Signalized corner location
Executive Summary
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 more than 11 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.
Fazoli’s signed a 20-year absolute NNN lease in 2018, leaving more than 11 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.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,272 SF
Building Class
C
Year Built
1994
Price
$1,954,478 CAD
Price Per SF
$597.33 CAD
Cap Rate
6.10%
NOI
$119,223 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.87 AC
Amenities
- Bus Line
- Drive Thru
Property Taxes
| Parcel Number | J44126411-0009 | Improvements Assessment | $415,047 CAD |
| Land Assessment | $86,281 CAD | Total Assessment | $501,328 CAD |
Property Taxes
Parcel Number
J44126411-0009
Land Assessment
$86,281 CAD
Improvements Assessment
$415,047 CAD
Total Assessment
$501,328 CAD
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