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5230 Cobblegate Rd 4,089 SF Retail Building Dayton, OH 45439 $1,955,179 CAD ($478.16 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease with no landlord responsibilities.
- Corporate guaranty supports the lease obligation.
- Scheduled 7.5% rent increases occur every five years.
- More than 11 years of firm lease term remain.
- Located at a signalized intersection along North Springboro Pike.
- Drive-thru restaurant configuration serves convenience-oriented customers.
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
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,089 SF
Building Class
C
Year Built
1994
Price
$1,955,179 CAD
Price Per SF
$478.16 CAD
Cap Rate
6.25%
NOI
$122,199 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.87 AC
Amenities
- Bus Line
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | J44126411-0009 | Improvements Assessment | $426,287 CAD |
| Land Assessment | $88,617 CAD | Total Assessment | $514,904 CAD |
Property Taxes
Parcel Number
J44126411-0009
Land Assessment
$88,617 CAD
Improvements Assessment
$426,287 CAD
Total Assessment
$514,904 CAD
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5230 Cobblegate Rd
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