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594 Woodman Dr
Dayton, OH 45431
Meineke | New 20yr Abs NNN w/ Incrs · Retail Property For Sale
Investment Highlights
- Brand New 20 Year Lease | Franchisee Personal Guaranty
- Initial Rent Abatement & Tax Advantages | Buyer Credit at Close
- Dense Retail Trade Area | Strong National Co-Tenancy
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized Retail Corridor | Woodman Drive / U.S. Highway 35
- Established Demographics | Dayton–Kettering–Beavercreek MSA
Executive Summary
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Dayton, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,095 SF
Building Class
C
Year Built/Renovated
1979/2025
Price
$1,918,782 CAD
Price Per SF
$468.57 CAD
Cap Rate
6.25%
NOI
$119,965 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.39 AC
Zoning
B2
Parking
9 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
102’ on Woodman Dr
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $84,456 CAD | |
| Land Assessment | $42,194 CAD | Total Assessment | $126,651 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$42,194 CAD
Improvements Assessment
$84,456 CAD
Total Assessment
$126,651 CAD
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